Corporate & Commercial Articles

KHQ News & Insights

Director Identification Numbers – What directors need to know

On 5 October 2021, the Corporations (Director Identification Numbers — Transitional Application Period) Instrument 2021 was registered on the Federal Register of Legislation, providing further clarity in relation to the new Director Identification Number (DIN) regime. A DIN is a 15-digit unique identifier that all directors will be required to hold. Once a director has … Read more

Permissible contact – exceptions to hawking provisions registered

On 6 August 2021, the Treasury registered the Financial Sector Reform (Hayne Royal Commission Response) (Hawking of Financial Products) Regulations 2021 (Cth) (the “Regulations”) on the Federal Register of Legislation. These Regulations specify exceptions to the prohibition on the hawking of financial products, a prohibition recommended by the Royal Commission and subsequently implemented in the … Read more

Financial product advice after the Westpac case


Posted By on 18/02/21

By Darrell Choong (Lawyer) and Venn King (Special Counsel) The highest court in the land has clarified what “personal advice” entails in the context of financial product advice, in Westpac Securities Administration Ltd v ASIC [2021] HCA 3. Financial advisers, and people involved with superannuation matters, need to pay close attention to the guidance provided … Read more

Not such a big deal? Litigation funders to have an AFSL


Posted By on 26/05/20

(By Darrell Choong and Venn King) The Federal Government has announced that the Corporations Act will apply to litigation funders, bringing the regulation and licensing of litigation funders under the remit of the Australian Securities & Investment Commission (ASIC). This move reflects the Government’s desire to increase the barriers to entry in the class action … Read more

COVID-19 RAISES PUBLIC INTEREST AS BUSINESSES RAISE CAPITAL

The impact of COVID-19 is affecting the economy left, right and centre, forcing many businesses to think outside the box, rather than relying on business-as-usual considerations – especially when it comes to addressing cash flow issues. Many government entities and regulators are providing guidance and adapting laws (where necessary) in order to assist businesses during … Read more