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Australian Government releases licensing relief options for foreign financial services providers

Australian Government releases licensing relief options for foreign financial services providers

On 9 July 2021, Federal Treasury released its Consultation Paper on options for licensing relief for foreign financial services providers (FFSPs) and fast-tracking the licensing process for FFSPs....

09 July 2021

Changes to financial reporting for securitisation trusts

From 1 July 2021 securitisation trusts that undertake to prepare financial reports in accordance with Australian accounting standards will have to prepare general purpose financial statements.

01 July 2021

Streamlining Australia’s Anti-Money Laundering and Counter-Terrorism Financing Regime

From 18 June 2021, certain amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act and Rules will come into force, streamlining the previous due diligence obligations and introducing...

18 June 2021

China’s digital RMB – is your business ready?

China’s launch of a central bank digital currency (CBDC) has become a question of when and not if. The more important question for businesses is: how...

27 April 2021

Imported hybrid mismatch rule: Commissioner releases much anticipated guidance

The Australian Taxation Office (“ATO”) has released a highly anticipated draft practical compliance guideline (“PCG 2021/D3”).

23 April 2021

How New Zealand's climate impact disclosure Bill could impact Australian businesses

In a world first, New Zealand has introduced a Bill requiring companies in the financial sector to disclose the impact of climate change on their businesses.

20 April 2021

China’s 14th Five-Year Plan — Key takeaways for financial services

On 12 March 2021, China released its much-anticipated economic and social development blueprint for the next five years and beyond – the ‘Outline of the 14th Five-Year Plan...

22 March 2021

Need to know: actual knowledge key to invoking whistleblower protections

Australian whistleblower protections now apply to disclosers who have ‘reasonable grounds to suspect’ that the information disclosed concerns misconduct, or an improper state of affairs or circumstances in...

04 March 2021

Briefing note for state of emergency in Myanmar

On February 1, Myanmar’s military-owned Myawaddy TV announced that a state of emergency would be imposed in accordance with Articles 417 and 418 of the 2008 Constitution of...

05 February 2021

Climate change litigation in Australia: Legislative and legal pressure build.

Recent political, legal and legislative developments mean that pressure on Australian companies to address climate risk has never been higher.

09 November 2020

COVID-19 enhances risks of bribery and corruption

COVID-19 has caused economic hardship for companies around the globe and has required many to act quickly in order to ensure supply of in-demand goods or services. ...

28 October 2020

Case dismissed: aggrieved investor fails in class action against Worley

In a highly anticipated judgment, the Federal Court of Australia has dismissed a securities class action brought against Worley Limited (Worley) alleging breaches of continuous disclosure laws and...

22 October 2020

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