Australian Regulatory Compliance Review

Recent Posts from Australian Regulatory Compliance Review


  • Privacy case notes 12-17 for 2009

    The Privacy Commissioner has released the following case notes: In Own Motion Investigation v Financial Institution [2009] PrivCmrA 12 the Commissioner commenced an own motion investigation after being advised by an individual that a financial…

  • ASIC v Rich: ASIC One.Tel case against Rich and Silbermann dismissed

    In Australian Securities and Investments Commission v Rich [2009] NSWSC 1229 Judge Austin decided that ASIC had failed to prove its case against One.Tel director and joint chief executive Jodee Rich and One.Tel's finance director…

  • Privacy and credit reporting changes

    This article by me was first published in Retail Banking Review. The Government has confirmed that it will accept the Australian Law Reform Commission’s recommendation to amend the Privacy Act to allow credit reporting to…

  • Corporations Legislation Amendment (Financial Services Modernisation) Act 2009 assented to

    The Corporations Legislation Amendment (Financial Services Modernisation) Act 2009 received royal assent on 6 November 2009. It is expected that Schedule 1 (margin lending), Schedule 2 (trustee companies) and parts of Schedule 3 (debentures) will…

  • Director and executive termination payments bill passed

    The Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009 was passed by the Senate on 16 November after it dropped an amendment requiring a review in three years time. The House of Representatives sent…

  • ACCC guide to protecting commercially sensitive information in exclusive dealing notifications

    The ACCC has published a guide providing specific information on the ACCC's approach to requests to exclude information from the public register in the context of exclusive dealing notifications. Althouigh the notice itself cannot be…

  • Australian Consumer Law: regulatory impact

    The Standing Committee of Officials of Consumer Affairs has released a consultation regulatory impact statement (RIS) on reforms based on best practice in state and territory consumer protection laws, and a new national product safety…

  • Superannuation reviews

    This speech by the Minister for Superannuation gives a useful background to the Cooper review into governance and efficiency, the Henry tax review and the Ripoll parliamentary inquiry.

  • Regulation of credit ratings and credit ratings agencies

    ASIC has announced that it has decided to withdraw current class order relief that allows issuers of investment products to cite credit ratings without the consent of credit rating agencies. From 1 January 2010, issuers…

  • Spam Act action by ACMA: Vodafone and 3 others

    The Australian Communications and Media Authority (ACMA) has accepted enforceable undertakings and payments from three companies—Vodafone Hutchison Australia Pty Limited (VHA), New Dialogue Pty Ltd (New Dialogue), Big Mobile Pty Ltd (Big Mobile)—and issued a…