From www.bdo.com.au: Australia has enacted the Crimes Legislation Amendment (Combatting Foreign Bribery) Bill 2023, significantly overhauling its foreign bribery laws, which now hold corporations accountable for failing to prevent bribery by their associates.… read more
From bdo.com.au: The AML/CTF Amendment Act 2024 introduces key changes, including the inclusion of high-risk services provided by DNFBPs, effective from 1 July 2026. It enhances AUSTRAC’s regulatory powers, enabling stricter compliance measures and fines for non-compliance.… read more
From legalvision.com.au: The Federal Court of Australia ruled that Kraken’s “Margin Extension” product qualifies as a credit facility, necessitating compliance with Australian financial regulations, including the issuance of a Target Market Determination.… read more
From www.klgates.com: Australia will implement a new mandatory merger control notification regime starting January 1, 2026, with transitional provisions effective July 1, 2025, requiring private equity funds to notify the ACCC of acquisitions that cause a change of control exceeding certain monetary thresholds.… read more
From tglaw.com.au: The OAIC reported a significant rise in notifiable data breaches in 2024, with most breaches resulting from malicious and criminal attacks.
Regulatory actions intensified, including civil action against Medibank for failing to protect personal information.… read more
From www.accountantsdaily.com.au: A civil lawsuit from the advocacy group Parents for Climate against Energy Australia highlights flaws in the government’s Climate Active certification scheme, accusing the company of misleadingly marketing its ‘Go Neutral’ product as carbon neutral.… read more
From tglaw.com.au: A Federal Court decision in Kirkalocka Gold SPV Pty Ltd v Zenith Pacific (KLK) Pty Ltd clarified the meaning of “apparent possession” under the Personal Properties Securities Act 2009.… read more
From www.claytonutz.com: The Victorian Court of Appeal ruled that contamination notices issued by Alphington Development Pty Ltd were valid despite some errors in consultant reports, leading to a remittance for cost calculation methods back to the trial division.… read more
From www.claytonutz.com: Queensland’s proposed Planning (Social Impact and Community Benefit) and Other Legislation Amendment Bill 2025 mandates that large-scale solar and wind farm developments conduct a social impact assessment and enter into a community benefit agreement as part of their development applications.… read more
From legalvision.com.au: Warranties in M&A transactions are contractual assurances from the seller about the business’s condition, allowing the buyer to claim damages for breaches.
Indemnities, on the other hand, promise reimbursement for specific losses without requiring proof of breach or mitigation, emphasizing the need for clear distinctions between the two in agreements.… read more
From hallandwilcox.com.au: Recent legal decisions highlight key considerations for self-insurers, including a ruling that employers must address the risk of vicarious trauma without breaching their duty of care, and a precedent allowing for recovery of damages for psychiatric injuries resulting from breaches of contract.… read more
From www.aicd.com.au: AICD has published “Data Governance Foundations for Boards,” a resource designed for Australian directors to enhance their understanding of data governance’s strategic importance and risks.… read more
From www.bartier.com.au: A recent NSW Court of Appeal decision clarified that a letter of comfort issued by Invesus Group Ltd did not create a binding obligation to cover the debts of its subsidiary, Forex Capital Trading Pty Ltd, following its liquidation.… read more
From allens.com.au: The Queensland Government has introduced a new community benefit system for wind and solar farms to ensure local communities enjoy economic and social benefits from renewable energy projects.… read more
From gtlaw.com.au: ASIC released Regulatory Guide 281 for buy now, pay later providers, and new laws will modify responsible lending requirements starting 10 June 2025.… read more