One of the intentions of the Privacy Act 1988 (Cth) (Privacy Act) is to enable an effective credit reporting system while safeguarding the privacy of individuals. To ensure that credit providers are able to comply with their responsible lending obligations, Part IIIA of the Privacy Act sets out: the types of personal information that credit […]
PERSPECTIVES
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INSIGHT: Future directions for the Consumer Data Right
On 23 December 2020, the Australian Government released the Report of the Inquiry into Future Directions for the Consumer Data Right. The Report looks at how Australia’s data sharing regime can be enhanced to further benefit consumers and strengthen our digital economy. For Australian businesses in the banking, energy and telecommunications sectors, now is the […]
INSIGHT: Major Insolvency Law Reform Enacted
Small to medium businesses can now restructure their way out of financial distress without having to ‘throw the baby out with the bathwater’. On 1 January 2021 the Corporations Amendment (Corporation Insolvency Reforms) Act 2020 (Cth) was passed, resulting in Australia’s most major insolvency law reform of the past 30 years. Restructuring Process The main […]
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