ARTICLE · 27 JULY 2007

Banking and Finance Update - July 2007

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Government moves to simplify Financial Services laws - In April 2006, the Federal Government commenced work on a program to simplify corporate and financial services laws in Australia.

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Government Moves To Simplify Financial Services Laws

Investments By Registered Managed Investment Schemes In Unregistered Managed Investment Schemes

GOVERNMENT MOVES TO SIMPLIFY FINANCIAL SERVICES LAWS

In April 2006, the Federal Government commenced work on a program to simplify corporate and financial services laws in Australia. The program commenced with the Corporate and Financial Services Regulation Review Consultation Paper (April 2006) and the Corporate and Financial Services Regulation Review Proposals Paper (November 2006). This article summarises the progression of the changes in this area.

Corporations Regulations

Draft regulations were released in March 2007. The Federal Government envisaged that the regulations would deal with minor drafting and technical amendments to the legislation. Industry was invited to comment on these draft regulations which covered issues such as:

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