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LIBOR Transition – Forward-looking Term SOFR Is Here

LIBOR Transition – Forward-looking Term SOFR Is Here

Very shortly, the U.S.-based Alternative Reference Rates Committee (ARRC) will make its much-anticipated formal recommendation of forward-looking term Secured Overnight Financing Rates (Term SOFR) administered by the CME...

27 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

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

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

The Financial Services Royal Commission legislation has passed – what has changed and what does it mean for you?

The Financial Sector Reform Bill 2020 was passed today in both Houses with no amendments. It is anticipated that the Bill will receive Royal Assent shortly.

10 December 2020

Unfair Contract Terms and Insurance Contracts: Further Reforms and ASIC Guidance

On 9 November 2020, Treasury released its Regulation Impact Statement for Decision titled ‘Enhancements to Unfair Contract Term Protections’ (Impact Statement).

12 November 2020

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

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

Financial Services Royal Commission draft legislation – Will insurers be able to implement all changes consistently?

This article was written by Astrid Sugden, Travis Toemoe, Mandy Tsang, Chloe Walker and Sarah Yu.This alert provides key takeaways and our in-depth analysis of some of the proposed amendments...

18 February 2020

The new data economy is approaching: Open Banking mandated to start from 1 July 2020

The legal framework is now in place for the start of the CDR in the banking sector. The timeframes for responding to requests for consumer data have...

11 February 2020

Treasury’s proposals for a new Financial Accountability Regime

This article was written by Diana Nicholson, Tim Bednall and Rebecca Williams.Treasury has released a Proposal Paper for the Financial Accountability Regime (“FAR”).  When legislated, FAR will impose...

03 February 2020

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