Foreign bribery and corruption

From www.aicd.com.au: New laws in Australia, effective September 2024, introduce strict liability for corporations failing to prevent foreign bribery, modeled after the UK’s Bribery Act 2010, with potential penalties exceeding $31.3 million.… read more

Franchising Update: A Year in Review

From sladen.com.au: In 2024, significant developments in the franchising sector included a Federal Court ruling holding franchisors liable for their franchisees’ non-payments of employee entitlements, emphasizing the importance of compliance with Fair Work laws.… read more

Understanding Constructive and Resulting Trusts

From mdl.com.au: Constructive trusts and resulting trusts are important concepts in property law that serve to address unfairness in ownership and benefits.

A constructive trust is imposed by courts to rectify situations of wrongdoing, preventing unjust enrichment, while a resulting trust arises from the presumed intent of parties during a property transfer when full ownership wasn’t intended.… read more

APRA defends former execs’ private gigs

From financialnewswire.com.au: APRA defended its procedures regarding former executives who now serve on the boards of Macquarie Bank and the Australian Retirement Trust.

The regulator clarified that while it recommends a 12-month waiting period before former members take up directorships in APRA-regulated entities, this guideline is not legally binding.… read more

Patient Privacy: Safeguarding Healthcare Info

From legalvision.com: Healthcare providers are legally obligated to manage and protect patients’ personal information while maintaining transparency about data collection and usage.

To ensure compliance with privacy laws, practices must regularly update privacy policies, train staff, and implement robust data security measures.… read more