Following a report and recommendation from the Senate Standing Committees on Economics, the government is set to introduce enhanced whistleblower protections and rigorous corporate governance obligations for large companies.
Following a report and recommendation from the Senate Legal and Constitutional Affairs Committee, the bankruptcy period is now set to be reduced from 3 years to 1 year.
The Federal Court has found that the packaging of Heinz ‘Little Kids Shredz’ toddler food was misleading to consumers as it represented the products as nutritious and healthy for young children despite their high sugar content.
The Government have introduced amendments to insolvency laws, restricting parties from relying on ipso facto clauses triggered by insolvency events.
The Government has introduced a safe harbour for company director’s from personal liability for insolvent trading claims in an effort to facilitate the restructure and turnaround of struggling companies.
ASIC’s new ‘fee-for-service’ model will come into effect on 1 July 2018 as part of the transition to an industry funding regime. The new model will introduce widespread increases to ASIC lodgement fees. This raises significant governance and economic concerns in the corporate sector.
ASIC has released Information Sheet 225, weighing in on the growing trend of initial coin offerings.
Australia’s Crowd-sourced Funding regime is now active. Get the key takeaways here.
Margin lending is an investment method whereby an investor borrows funds to acquire shares, which are then used as security for the loan. The practice allows borrowers to unlock new funds, scale up investments and accelerate returns. However, margin loans come with severe risks attached, which leave many feeling uneasy and questioning their place in our economy.
The Commonwealth Government has introduced the Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017, enhancing whistleblower protections and implementing rigorous corporate governance obligations on large companies.