Cowell Clarke

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Suppliers: are you ready for modern slavery?

January 20 2020 To comply with the Modern Slavery Act 2018 (Act), businesses will request information from suppliers regarding their modern slavery processes and…

COVID-19: The importance of honesty, fairness and good faith during the crisis.

April 16 2020 Australian businesses are facing unprecedented challenges and ensuring you maintain your working relationships with Franchisees is of critical…

Beware of BEAR - what must a small or medium ADI do?

November 9 2018 From 1 July 2019, small and medium ADIs will also be required to comply with the Banking Executive Accountability Regime (“BEAR”). What is the BEAR…

Anti-Money Laundering and Counter-Terror Financing Amendment Act 2017

April 23 2018 Amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (‘the Act’) under the Anti-Money Laundering and…

Illusory terms in contracts and what to watch out for

February 26 2020 Illusory contract terms are those provisions of an agreement which are so vague, ambiguous or grant one party so much discretion, that they fail to…

Treasury to take over FASEAs functions in 2021

December 10 2020 Treasury has announced that 2021 will see it take over the functions of FASEA. This move is intended to streamline the regulatory bodies who monitor…

ASIC to consult industry on barriers to providing affordable financial advice

December 3 2020 ASIC is seeking feedback from industry participants to help identify barriers to providing affordable personal financial advice that maintains a high…

ASIC’s Information Gathering Powers

November 6 2020 ASIC has the power to compel the production of information for Market Surveillance or investigation and enforcement. Understanding those powers and…

Changes to the Land Acquisition Act 1969 (SA): good, bad or ugly?

November 2 2020 Are you facing compulsory acquisition? Affected by SA’s North-South Corridor upgrade? The Land Acquisition Act recently changed — read on to know…

So you’ve been taken to AFCA - what are your rights and responsibilities?

October 15 2020 Receiving a complaint from the Australian Financial Complaints Authority (‘AFCA’) can be confronting and stressful. Understanding the AFCA process…