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In our Alert of 16 October 2009 discussed the application for special leave to the High Court in respect of the Queensland Court of Appeal's judgement in Re Octaviar Ltd (No 7) [2009] QCA 282. This was the appeal from the decision of Re Octaviar Ltd; Re Octaviar Administration Pty Ltd [2009] QSC 37.

Privacy Act changes mean virtually every accounting and professional service firm is now caught as a 'credit provider'.

The Qld Govt proposes to repeal the Property Agents and Motor Dealers Act to split it into four industry-specific Acts.

This Manual covers the National Consumer Credit Protection Act 2009 (NCCP Act) and the National Credit Code (NCC) along with other laws and codes impacting on the mortgage industry.

Key economic forecasts released by Treasury from the 2011 Budget. Treasury projections remain very much influenced by the extraordinary resources boom driving record commodity prices and unprecedented levels of investment in mining and energy.

In the midst of the current global economic downturn, the Australian Government is providing significant stimulus to the domestic economy by providing some attractive incentives and initiatives for businesses in Australia.

The initial judgment was against investors in the class action against companies and directors in the Timbercorp group.

Tabcorp Holdings Limited has announced further investment into Star City Casino. In a move that will add an additional $285 million investment into the casino's redevelopment (taking total capital expenditure to $860 million), Tabcorp's plan is to reinvent the casino as a new Asian hub for high-rollers.

The YPFD case clarifies to SMSF trustees as to when residential properties could be considered 'business real property'.

The Regulations only apply to trust schemes which include managed investment schemes and certain superannuation funds.

In recent years much has been said of the use of a hybrid trust. The term is not specific and includes many different types of trusts, where there may be different entitlements to revenueand capital.

Based on the ATO's current view, no SMSF should enter into an interest-free or low rate loan without a private ruling.

Without this determination, the rent deferred could be an in-house asset of the SMSF, and result in compliance issues.

The Australian Securities and Investments Commission (ASIC) published its long-awaited updates to Information Sheet (INFO 225). This represents the result of ASIC's consultation process on the existing document (which we have discussed here).

Today the Australian corporate regulator, ASIC, announced an extension of 12 months for the transitional arrangements for the passporting exemptions and limited...

APRA's discussion paper and proposed new APS 120 provide some welcome clarification and concessions.

These new proposals would allow ASIC central clearing of interest rate derivatives in certain AUD and G4 currencies.