Welcome to this week’s issue of the KHQ Super Alert. APRA has given an update of its regulatory activities and the Federal Government announced that relief to facilitate electronic execution of documents will remain until next year. APRA – Ongoing activities On 5 August 2020, Wayne Byres, Chair of APRA, appeared before the House of … Read more
The introduction of stage 4 restrictions for metropolitan Melbourne continues to present unprecedented challenges for parents and carers navigating parenting arrangements. While “shared custody arrangements”, whether informal or court-ordered, is permitted under the current restrictions, issues may arise beyond the control of either party that prevent a child from continuing to spend time with the … Read more
Yesterday, Daniel Andrews declared a State of Disaster in Victoria, with Melbourne moving to stage 4 restrictions and the rest of the state to stage 3, to try and contain the spread of COVID-19. The most significant restrictions include: The implementation of a curfew from 8pm to 5am (which came into effect yesterday). During those times, … Read more
Welcome to this week’s issue of the KHQ Super Alert. The main news items relate to updates from ASIC, including the new regulatory guide RG 271 which sets out changed internal dispute resolution standards for trustees. ASIC – Internal dispute resolution regulatory guide On 30 July 2020, ASIC issued RG 271: Internal Dispute Resolution (RG … Read more
Separating couples have a number of options to resolve family law property disputes including mediation, arbitration and litigation. It is generally accepted that Court proceedings should be a last resort and only if all other dispute resolution methods have failed, or if an urgent issue arises. The COVID-19 pandemic continues to impact all aspects of … Read more
Welcome to this week’s issue of the KHQ Super Alert. This week the Treasurer announced a number of superannuation measures in the Economic and Fiscal Update, ASIC registered the legislative instrument which gives effect to the deferral of the new fees and costs disclosure obligations and APRA reminded trustees of their SPS 515 responsibilities. Federal … Read more
Recent headlines that the iconic kangaroo logo would be replaced or sidelined for a new design has caused quite a bit of confusion. Thankfully, Glen Cooper, the chairman of The Australian Made Campaign, has clarified that the kangaroo logo will remain as Australia’s global product symbol and the new logo will be used in place … Read more
Welcome to this week’s issue of the KHQ Super Alert.The main item this week is the Federal Court’s judgement about the application of the fairness and honesty requirements in the Corporations Act for financial services. ASIC and the ATO have also provided additional COVID-19 updates. ASIC – COVID-19 FAQ update On 10 July 2020, … Read more
The Full Bench of the Fair Work Commission upheld an appeal by the Transport Workers’ Union on Monday quashing an earlier decision of the Fair Work Commission that the employer Prosegur Australia Pty Limited’s Jobkeeper directions were reasonable. This decision provides the first Full Bench authority on the reasonableness test required by s. 789GK of … Read more
