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Managing cybersecurity risk - precedent ASIC enforcement action provides key learnings

Australia - May 26 2022 A recent Federal Court decision has confirmed that a failure by AFS licensees to have in place controls or measures to manage cybersecurity risk…

Lex Burke, Matthew Daley, Craig Hine, Ananya Roy, Jonathan Slater, Mark Wiese

Examinations under the Corporations Act to assess the merits of a class action: does your D&O insurance cover the cost?

Australia - March 17 2022 The High Court's decision in Walton v ACN 004 410 833 Limited (formerly Arrium Limited) (in liquidation) [2022] HCA 3 (Walton) will strengthen the…

FAR Bill receives endorsement to proceed

Australia - February 16 2022 The Senate Economics Legislation Committee has endorsed the Financial Accountability Regime (FAR) Bill 2021 in a report issued 15 February 2022. Here…

Matthew Daley, Scott Grahame, Steven Klimt, Ross McInnes, Vanessa Pallone, Gabrielle Scott-Jones, Jonathan Slater, Katie Wood

NSW Government takes next steps to bring decennial liability insurance to residential apartment buildings

Australia - November 11 2021 The proposed introduction of a decennial liability insurance scheme in NSW follows the enactment of the Residential Apartment Buildings (Compliance…

Lina Fischer, Jason Hooper

ASIC's new regulatory guidance on breach reporting for AFS and credit licensees commences 1 October

Australia - September 10 2021 ASIC has now released its updated Regulatory Guide 78 - Breach reporting by AFS licensees and credit licensees (RG 78) and Information Sheet 259 -…

David Benson, Ian Bloemendal, Matthew Daley, Scott Grahame, Craig Hine, Steven Klimt, Ross McInnes, Jason Shailer, Jonathan Slater