Insights

Read our latest insights where we discuss the legal changes and decisions affecting our clients, keeping you informed and helping you to make better legal and business choices.

  • 27 Apr2018

    Unfair Contract Protections Capture Standard Contract Loans to Small Businesses

    Written by: Michael Bracken, Principal Lending to a small business under a standard form loan contract will be susceptible to new unfair contract terms protections under the Australian Consumer Law and the Australian Securities and Investments Commission Act. The new unfair contract terms protections will...
  • 27 Apr2018

    Are Financial Service Providers prepared for the mandatory data breach notification regime?

    Written by: Levina Chim, Senior Associate From 22 February 2018, mandatory data breach notification will apply to any individual or organisation regulated by the Privacy Act 1988 (Cth). This will affect financial services businesses and foreign financial service providers with an Australian link and a continued...
  • 27 Apr2018

    The Storm has passed!

    Written by: Michael Bracken, Principal and Catherine Osborne, Consultant On 22 March 2018, Justice Dowsett of the Federal Court in Queensland imposed civil penalties of $70,000 each on Mr and Mrs Cassimatis (Mr and Mrs C), the directors of Storm Financial and disqualified them from managing corporations for 7...
  • 27 Apr2018

    Extensive Regulatory Reform for General Insurance in the Wings

    Written by: Michael Bracken, Principal Operational Impact on Insurers - Federal Government Response to Senate Committee Report On 20 December 2017, the Federal Government issued its response to the Senate Economics References Committee report on Australia’s general insurance industry. The Report made 15 recommendations on...
  • 27 Apr2018

    Financial Services Insights – Autumn 2018

    Written by: Michael Bracken, Principal Financial Services Insights provides a regular update on legal and regulatory developments in the financial services sector which may impact on financial services businesses and financial services market participants. Our Autumn 2018 edition deals with proposed regulatory reforms to the transparency of pricing, disclosure and...

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