A recent decision by the New South Wales Court of Appeal in Buzzle Operations Pty Ltd (in liq) -v- Apple Computer Australia Pty Ltd 2011 NSWCA 109 provides useful guidance on the key aspects of shadow directorships and to what extent advices can be given by an interested party such as a financial accountant or a lender to a debtor without that interested party falling within the definition of "shadow director".
The Government has today extended with the approval of the EU Commission the existing bank guarantee scheme to 31 December 2010.
The Financial Regulator has published a new amended set of Transparency Rules under Section 22 of the Investment Funds, Companies and Miscellaneous Provisions Act 2006.
The National Asset Management Agency Bill 2009 was published on 10 September 2009.
Regulation (EC No. 242009) of the European Central Bank (the Regulation) came into force on 9 February 2009.