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In the recent Supreme Court of NSW case, Permanent Trustee Company Limited v O'Donnell, the financial burden of a fraud on three mortgagors was passed on to their mortgagee. The mortgagors were able to avoid their obligations under their mortgage by utilising s7 of the Contracts Review Act 1980 (NSW).

The article includes six questions that you should ask before you sign to be a guarantor and you must get legal advice.

ANZ was the respondent in a class action which challenged the legality of ANZ charging these bank fees to its customers.

The recent Compliance Committee Forum webinar included updates for fund managers and a discussion on greenwashing.

2012 marked an overhaul of the way that security interests (other than real property) are dealt with in Australian law.

The process for renewing Ongoing Fee Arrangements (OFA) has been simplified.

Contracts should contain provisions dealing with the PPSA to ensure that parties with security interests are protected.

The future of a regulatory framework facilitating crowd-sourced equity funding is in the hands of the next government.

The industry funding model allows ASIC recover its regulatory costs from industry through levies and fees-for-service.

In the 2009 Federal Budget, the Government announced its intention to repeal the Foreign Investment Fund (FIF) rules. The exposure draft of the Tax Laws Amendment (Foreign Source Income Deferral) Bill (No.1) 2010 which contained the repealing provisions was released by the Assistant Treasurer on 18 December 2009.

After a number of setbacks, the Corporations Amendment (Crowd-sourced) Funding Bill 2016 (CSF Bill) will become law.

In this recent Victorian appeal case, the court found the establishment fee charged for the loan to be a penalty.

This example demonstrates the importance of the Personal Property Securiy (PPS) Register in a priority dispute.

On 30 November 2023, the Treasury Laws Amendment (Better Targeted Superannuation Concessions) Imposition Bill (Bill) was tabled in the House of Representatives...

In July 2023, ASIC and APRA released key materials for consultation, to support the implementation of the Financial Accountability Regime (FAR) by the financial services industry.

The official collapse of Lehman is deemed by many to be the epicentre of what we call the Global Financial Crisis.

The Securities Commission has issued a discussion paper on the regulation and supervision of financial advisers under the Financial Advisers Act 2008.