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Gadens | Australia | 17 Jan 2022

Australian regulators weekly wrap — Monday, 17 January 2022

APRA has issued a letter to banks announcing the aggregate Committed Liquidity Facility has reduced to $102 billion on 1 January 2022 from $140…
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Clayton Utz | Australia | 17 Jan 2022

Temporary COVID-19 protections for NSW commercial and retail lessees extended

NSW has renewed and extended the Retail and Other Commercial Leases (COVID-19) Regulation 2021, so landlords and tenants alike must ensure they…
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Johnson Winter & Slattery | Australia | 14 Jan 2022

Treasury consults on exposure draft legislation on foreign financial service provider exemptions

On 20 December 2021, the Department of the Treasury of the Australian Government (Treasury) released the Treasury Laws Amendment (Measures for…
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Gilbert + Tobin | Australia | 13 Jan 2022

The Banking Litigation Law Review

The Australian banking landscape has undergone extensive transformation in recent years, particularly following the 2018 Royal Commission into…
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Moores | Australia | 11 Jan 2022

Your 2022 NFP or Charity board agenda

2021 ushered in a range of new and proposed changes affecting not-for-profit and charity governance and regulation. Many of these changes will come…
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Cornwalls | Australia | 6 Jan 2022

Crypto Assets: To Disclose or Not to Disclose

It’s time to get serious about DeFi. If you’re unfamiliar with the concept, a decentralised finance application (“DeFi”) involves a software protocol…
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Blackwattle Legal | Australia | 4 Jan 2022

Creditors cannot set-off unsecured debts against unfair preference claims. What about other voidable transactions?

For some time, controversy has surrounded the question as to whether unsecured creditors of an insolvent company can utilise set-off under s 553C of…
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Clayton Utz | Australia | 23 Dec 2021

Better Advice Act reforms to address "less serious misconduct"

In an attempt to clean up "less serious misconduct" in the financial advice sector, the government has recently introduced the Financial Sector…
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Clayton Utz | Australia | 23 Dec 2021

Director Identification Numbers: What you need to know, one month on

In November 2021, applications opened for directors of Australian companies and Aboriginal and Torres Strait Islander corporations to apply for a DIN…
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Johnson Winter & Slattery | Australia | 22 Dec 2021

Section 553C set-off of unfair preference claims - Full Federal Court says no!

Morton as Liquidator of MJ Woodman Electrical Contractors Pty Ltd v Metal Manufacturers Pty Limited [2021] FCAFC 228. In a resounding judgment…
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