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On 16 December 2008, independent reviewer Jan McClelland delivered her Final Report on the Review of the Code of Banking Practice. The Recommendations made in the Final Report reflect a compromise between the views expressed by consumer advocacy groups during the consultation process and those of current subscribers to the Code.

As our economy slows, now more than ever contractors need experienced advisers who provide rapid responses to recover debts from delinquent debtors. Businesses can no longer afford to allow debtors extended credit terms. TGB have a team of experienced lawyers who provide commercial and cost-effective debt recovery solutions to get your debts reduced putting the money back into your business not your debtor’s business. The following is a brief overview of debt recovery procedures in South Aust

The recent takeover contest for control of Australian Leisure & Hospitality Limited (<B>ALH</B>) between Bruandwo (the Woolworths/Mathieson vehicle) and CMM Hotel & Retail Investments (the Coles Myer/Macquarie Bank vehicle) generated extensive media coverage in Australia as the two bidders competed for control of the company pushing the price well beyond the range assessed by the independent expert.

Recent schemes of arrangement, including the Telstra-KAZ and MYOB-Solution 6 transactions, have involved pre-bid deals between the acquirer and a major shareholder in the scheme company.

A recent decision warns that a trustee of a superannuation trust is not entitled to reduce the retirement benefits it is due to pay by deducting interest.

APRA requests feedback to help assess compliance costs of the implementation of Basel III capital rules for derivatives.

The Tax Administration Act gives the Taxation Commissioner power to collect tax debts from third parties who owe money to a taxpayer.

On 7 April 2007, Queensland's Fair Trading Minister released proposals to regulate finance brokers. Queensland is taking this action to put some interim regulation in place as a national regime is unlikely to be in place for several years.

On 24 March 2011, the Treasurer Wayne Swan introduced into Parliament the Competition and Consumer Amendment Bill (No. 1) 2011. If enacted in its current form – which is very uncertain given that the bill has only just been introduced – the bill will amend the Competition and Consumer Act 2010 ("Act") and could result in sweeping restrictions on the disclosure of pricing information in Australia.

The long-awaited Anti-Money Laundering/Counter Terrorist Financing Bill (AML/CTF Bill) was introduced into Federal Parliament on Thursday, 2 November 2006. This followed an extensive consultation period between the Government and industry.

Justice Young found that a mortgage was void, where the mortgage was forged and the mortgagor did not receive the benefit of the loan. This was despite the mortgage being registered.

This article outlines some of the common issues Secured Parties are facing as they adapt to the new PPS regime.

It is time to take stock of Australia's new capital framework.

APRA released a second consultation package updating its implementation of the Basel III liquidity reforms in Australia.

If a solicitor provides cheque directions to a bank without a client's authority, he breaches the warranty of authority.

A summary of legislative developments affecting superannuation and funds management businesses.

The updated Prudential Standard APS 210 Liquidity (APS 210) implements key parts of the Basel III liquidity reforms.