This article examines the changes enacted to the National Minimum Wage, Civil Penalties, Workplace Health and Safety Queensland (WHSQ) Inspector Powers and the Work Health and Safety Act of 2011. It provides a holistic overview of all the provisions within the Act itself and their subsequent effects.
This article highlights issues in Australia pertaining to short-term rental accommodations (such as Airbnb). The short-term rental industry has obviously taken hits during the pandemic. However, the Fair Trading Amendment (Short-term Rental Accommodation) Act 2018 No 41 was enacted on 10 April 2020 in order to address the short-term rental concerns.
This piece provides invaluable insight and advice into the steps one should take in order to prevent online scams, hacks and identity/financial theft. It highlights an overview of the right safety strategies to take, which focus namely on verifying the identities of people being interacted with and confirming the authenticity of e-mails and transfer requests.
This article covers the new insolvency regime introduced in Australia on 1 January 2021. The changes in this new regime primarily impact businesses with liabilities of less than $1 million and will enable such companies to continue trading under the control of its directors while a debt restructuring plan is developed and voted on by creditors.
This article goes into the details of a highly anticipated draft practical compliance guideline (PCG 2021/D3) released by the Australian Taxation Office (ATO). PCD 2021/D3 provided clarity on the two primary issues: (1) what are the reasonable enquiries required to demonstrate compliance with the imported hybrid mismatch rule (IHMR); and (2) the Australian Taxation Office’s approach to risk assessment for the application of the IMHR to taxpayer’s circumstances.
This article delves into the Consultation Conclusions on Proposed Enhancements to the Open-ended Fund Companies Regime (OFC) and Further Consultation on Customer Due Diligence Requirements, published by Hong Kong’s Securities and Futures Commission. Issued on 2 September 2020, the Consultation Conclusion, the Consultation Conclusion highlights different enhancements to be made to private OFCs.
This article examines the issues with existing regulatory regime for, under the Australian Securities and Investments Commission (ASIC), Unfair Contract Terms (UCTs) in Australia and how the Treasury released its Regulation Impact Statement for Decision, titled ‘Enhancements to Unfair Contract Term Protections’. The aim of the Impact Statement and related proposals is to make UCTs and unreasonable contracts unlawful.
This resource provides an overview on the recently passed legislation by the Financial Services Royal Commission. The specific legislation is the Financial Sector Reform (Hayne Royal Commission Response) Bill 2020. In particular, this summary examines the differences between this Bill and previous legislation and how it affects insurers.
This article describes the developments made to whistleblower laws and protections in Australia. Protections have been increased for whistleblowers; additionally, immunity policies have been outlined by the Australian Securities and Investments Commission in order to further encourage the disclosures of misconduct.
This resource describes the release and impact of the Arrangement Concerning Mutual Assistance in Court-ordered interim Measures in aid of Arbitral Proceedings by the Courts of the Mainland an of the Hong Kong Special Administration Region. The success of applications submitted under the terms and requirements of the Arrangement have made it a compelling reason for parties, irrespective of origin, to select Hong Long as the seat of arbitration if they are doing business with parties in China Mainland.