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State of play: ASIC releases draft updated remediation guidance

Australia - November 29 2021 On 17 November 2021, ASIC released draft updated guidance on consumer remediation for all AFS licensees, Australian credit licensees and retirement…

Tamanna Islam, David Kim, Crystal Sanders, Preeta Seshachari, Hartley Spring

Opinion: Corporate law ‘like a Russian doll’

Australia - November 25 2021 The president of the Australian Law Reform Commission, Justice Sarah Derrington, says there is a “large mass of secret law” made by ASIC and other…

An old friend or foe? ASIC updates court enforceable undertaking guidance

Australia - November 23 2021 ASIC’s new Chair Joe Longo has long signalled since commencing with the regulator in June that the “why not litigate?” enforcement mantra of…

Tamanna Islam, Hugh Paynter, Crystal Sanders, Ruth Stringer, Abby Sutherland

Far moving forward: what’s new and what next?

Australia - November 5 2021 The Financial Accountability Regime Bill 2021 (FAR Bill) was introduced in the House of Representatives on 28 October 2021. This legislation will…

Charlotte Henry, Tamanna Islam, David Kim, Crystal Sanders

Establishing a best financial interests decision-making framework for super trustees: BFID in practice

Australia - October 25 2021 It goes without saying that the new Best Financial Interests Duty (BFID) obligations are central to not just a superannuation trustee’s governance…

Scott Donald, Tamanna Islam, Preeta Seshachari, Hartley Spring, Ruth Stringer