News & Analysis as of

Regulatory Oversight Australia

Herbert Smith Freehills Kramer

ASIC public and private markets update

Following the substantial feedback provided in response to ASIC’s discussion paper, ‘Australia’s evolving capital markets: A discussion paper on the dynamics between public and private markets’ (Discussion Paper) on 10 June...more

K&L Gates LLP

Australia Greenwashing: Half-Yearly Review of ASIC and ACCC Prosecutions – and ACCC Position on Environmental Collaborations

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In Brief - The Australian Competition and Consumer Commission (ACCC) and Australian Securities and Investments Commission (ASIC) continue to be vigilant and seek significant penalties for alleged "greenwashing" (misleading...more

White & Case LLP

Secondary market activity in Australia’s offshore wind sector

White & Case LLP on

It has been a productive year for the Australian Government through its award of multiple feasibility licences under the Offshore Electricity Infrastructure Act 2021 (Cth) and its associated regulatory framework (OEI...more

K&L Gates LLP

The New Australian Statutory Tort for Serious Invasions of Privacy – What Does It Currently Look Like?

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On 12 September 2024, the long awaited statutory tort for serious invasions of privacy has been revealed in Schedule 1 to the Privacy and Other Legislation Amendment Bill 2024 (Cth) (the Privacy Bill). Please see our previous...more

A&O Shearman

Combating payment account fraud – latest regulatory developments in Australia

A&O Shearman on

On 30 November 2023, the Treasury of the Australian Government released its consultation paper on a proposed Scams Code Framework (the Framework) which seeks to establish robust codes and targeted measures to reduce scam...more

K&L Gates LLP

Doing Business in Australia

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Australia welcomes new business and foreign investment by providing a strong economy, a stable political environment and a skilled and talented workforce. Our comprehensive guide to Doing Business in Australia has been...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Meteoric Rise of Generative AI Has Regulators Gearing Up To Preserve Competition

Key Points Artificial intelligence (AI) — and in particular generative AI, which creates new content — has recently emerged as a transformative tool with the power and potential to reshape familiar industries. Although...more

K&L Gates LLP

Workplace Reform Rolls on… Again

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The Federal Labor Government (Government) has completed its third tranche of workplace relations reform with the recent passage through Federal Parliament of its Fair Work Legislation Amendment (Closing Loopholes No. 2) Bill...more

K&L Gates LLP

Climate-Related Financial Disclosures: What are They and What do They Mean?

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Overview - Background - The Australian Government recently released an exposure draft of the legislation to implement mandatory climate-related financial disclosures (Draft Legislation). This follows the release of draft...more

K&L Gates LLP

More Than Just Loopholes: Significant Changes Proposed Under the Federal Government's Third Tranche of Labour Law Reforms

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The Federal Government recently introduced the latest in a series of workplace reforms into Federal Parliament. The Fair Work Legislation Amendment (Closing Loopholes) Bill 2023 (the Bill), proposes further amendments to the...more

K&L Gates LLP

ACMA: Misinformation and Disinformation Bill

K&L Gates LLP on

What Is the Background to the Misinformation and Disinformation Bill?  Currently, an exposure draft for public comment, the Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2023 (Cth)...more

White & Case LLP

AI Legal News Summer Roundup: Edition 3

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Welcome to the third edition of our AI Legal News Summer Roundup! After five class actions were filed between June 28 and July 11 (as reported on in our first edition of this series), on July 21, another class action lawsuit...more

White & Case LLP

Significant update to Australia's foreign investment framework

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On 5 June 2020, the Treasurer of Australia announced reforms to Australia's foreign investment framework. The key focus of the reforms is national security risks to deal with the current environment, including rapid...more

Hogan Lovells

The good, the bad and the ugly

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One year on from Australia's Royal Commission on Banking - The report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Report), was published one year ago....more

McDermott Will & Emery

Final Rules Issued on Reviews of Foreign Investments in the United States – CFIUS

McDermott Will & Emery on

The US Treasury Department published final regulations to implement FIRRMA, which greatly expanded the scope of CFIUS to review foreign investments in US businesses. The new rules clarify and revise proposed regulations...more

Shook, Hardy & Bacon L.L.P.

Food & Beverage Litigation Update l November 2019 #2

LEGISLATION, REGULATIONS & STANDARDS - USDA Receives Hundreds Of Comments On Hemp Interim Rule - Two weeks after opening a comment period on an interim final rule on hemp farming, the U.S. Department of Agriculture...more

Perkins Coie

Blockchain Week in Review - March 2019

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CFTC Plans Public Meeting Addressing Fintech, Including Blockchain Technology - On March 27, 2019, the Commodity Futures Trading Commission (CFTC) Technology Advisory Committee will host a public meeting at the CFTC...more

Perkins Coie

Blockchain Week in Review - February 2019 #3

Perkins Coie on

U.S. Developments - Regulatory Updates - SEC Commissioner Peirce Says Guidance on Crypto Token Sales Is Coming - In a speech at the University of Missouri School of Law, Hester Peirce, one of the SEC’s commissioners,...more

Littler

Australia Passes Law Requiring Large Companies to Report on Modern Slavery

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On November 29, 2018, the Australian Government passed the Modern Slavery Act 2018 (the “Act”), which requires all companies operating in Australia and meeting a threshold of AU$100 million in total annual global revenue to...more

Hogan Lovells

“Specific Instances” under OECD Guidelines – What can financial institutions learn from the recent ANZ case on providing finance...

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The Australian National Contact Point for the OECD Guidelines for Multinational Enterprises (“AusNCP”), which handles “specific instances” relating to alleged non-observance of the Guidelines...more

Littler

Littler Global Guide - Australia - Q3 2018

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Company Liable for Contract Worker’s Injuries - Precedential Decision by Judiciary or Regulatory Agency - On September 6, 2018, the NSW Supreme Court held that a company (Company A) that used a contracted labor hire...more

Seyfarth Shaw LLP

Modern Slavery Update: Take Heed, Or Take Heat

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Modern slavery legislation at the Commonwealth level in Australia is getting closer. The Modern Slavery Bill 2018 (Cth) passed the Lower House last week....more

Perkins Coie

Blockchain Week in Review - August 2018 #2

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SEC Bars Perpetrator of Initial Coin Offering Fraud - On August 14, 2018, the SEC obtained permanent officer-and-director and penny stocks bars against David T. Laurance of Tomahawk Exploration LLC (“Tomahawk”), who...more

Seyfarth Shaw LLP

Outsourcing: Why The Game Has Changed

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Traditionally, alternative labour models – including outsourcing and contracting – have been used by business to defray cost and risk and deal with workflow fluctuations. Today’s environment is creating new challenges for...more

Seyfarth Shaw LLP

Modern Slavery Bill 2018: An Action Plan

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The introduction of the Commonwealth Modern Slavery Bill 2018 on 28 June 2018 sets an imperative for businesses operating in Australia to know, and show, how they are identifying and addressing the risks of modern slavery....more

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