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<rss version="2.0"> <channel>  <title><![CDATA[Clayton Utz | Banking and Finance - Publications]]></title>  <link>http://www.claytonutz.com/area_of_law/banking_and_finance/publications.page</link>  <description/>  <copyright><![CDATA[(c) Clayton Utz 2009]]></copyright>  <image>   <title><![CDATA[Clayton Utz]]></title>   <link>http://www.claytonutz.com/</link>   <url>http://www.claytonutz.com/images/logo.png</url>  </image>  <language>en-au</language> <item><guid>http://www.claytonutz.com/publications/news/201007/22/clayton_utz_help_turn_citadel_capital_raising_gold.page</guid><title><![CDATA[Clayton Utz help turn Citadel capital raising gold]]></title><link>http://www.claytonutz.com/publications/news/201007/22/clayton_utz_help_turn_citadel_capital_raising_gold.page</link><description><![CDATA[Clayton Utz congratulates Citadel Resource Group Limited (Citadel) on the successful completion of its accelerated rights issue offer raising approximately $262 million.]]></description><pubDate>Thu, 22 Jul 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/newsletters/banking_and_financial_services_insights/20100716/home.page</guid><title><![CDATA[Banking and Financial Services Insights]]></title><link>http://www.claytonutz.com/publications/newsletters/banking_and_financial_services_insights/20100716/home.page</link><description><![CDATA[This issue includes: Cooper review: could it end related-party contracts in the superannuation industry?;]]></description><pubDate>Fri, 16 Jul 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201007/07/phase_two_of_national_credit_reforms_released_for_comment.page</guid><title><![CDATA[Phase two of national credit reforms released for comment]]></title><link>http://www.claytonutz.com/publications/news/201007/07/phase_two_of_national_credit_reforms_released_for_comment.page</link><description><![CDATA[The latest tranche of reforms to Australia's credit laws has been released for public comment.]]></description><pubDate>Wed, 07 Jul 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201006/29/clayton_utz_attracts_asia_project_finance_specialist.page</guid><title><![CDATA[Clayton Utz attracts Asia project finance specialist]]></title><link>http://www.claytonutz.com/publications/news/201006/29/clayton_utz_attracts_asia_project_finance_specialist.page</link><description><![CDATA[Clayton Utz continues to deliver on its commitment to providing clients with first-class legal services with the announcement that leading Asia Pacific project finance lawyer Bruce Cooper will join the firm's Sydney Banking & Financial Services practice as a partner in September, from UK magic circle firm Freshfields.]]></description><pubDate>Tue, 29 Jun 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201006/18/amendments_to_the_national_consumer_credit_protection_regulations-and_more_on_the_way.page</guid><title><![CDATA[Amendments to the National Consumer Credit Protection Regulations - and more on the way]]></title><link>http://www.claytonutz.com/publications/news/201006/18/amendments_to_the_national_consumer_credit_protection_regulations-and_more_on_the_way.page</link><description><![CDATA[The Australian Government has released amendments to the National Consumer Credit Protection Regulations, as a result of further consultations with industry - and more are on the way.]]></description><pubDate>Fri, 18 Jun 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201006/08/nsw_budget_changes_to_benefit_asset-backed_securitisations.page</guid><title><![CDATA[NSW Budget changes to benefit asset-backed securitisations]]></title><link>http://www.claytonutz.com/publications/news/201006/08/nsw_budget_changes_to_benefit_asset-backed_securitisations.page</link><description><![CDATA[As part of the budget package released today by the New South Wales Treasurer, the State Revenue Legislation Amendment Bill 2010 was introduced.]]></description><pubDate>Tue, 08 Jun 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201005/18/clayton_utz_advises_csg_on_successful_institutional_placement.page</guid><title><![CDATA[Clayton Utz advises CSG on successful institutional placement]]></title><link>http://www.claytonutz.com/publications/news/201005/18/clayton_utz_advises_csg_on_successful_institutional_placement.page</link><description><![CDATA[Clayton Utz has acted for Macquarie Capital Adviser as underwriter of CSG Limited's successful $40 million institutional placement.]]></description><pubDate>Tue, 18 May 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201005/12/retail_bond_and_convertible_note_disclosure_relief.page</guid><title><![CDATA[Retail bond and convertible note disclosure relief]]></title><link>http://www.claytonutz.com/publications/news/201005/12/retail_bond_and_convertible_note_disclosure_relief.page</link><description><![CDATA[ASIC last night released its much-anticipated disclosure regime for retail bonds. As well as facilitating a retail corporate bond market in Australia, the suite of changes aims to ease disclosure requirements for convertible notes.]]></description><pubDate>Wed, 12 May 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201005/07/managed_investment_trusts_get_new_tax_regime_from_1_july_2011.page</guid><title><![CDATA[Managed investment trusts get new tax regime from 1 July 2011]]></title><link>http://www.claytonutz.com/publications/news/201005/07/managed_investment_trusts_get_new_tax_regime_from_1_july_2011.page</link><description><![CDATA[Significant changes to the taxation of managed investment trusts will be in place by 1 July 2011, which should lead to greater certainty, reduced compliance costs, and (in some cases) less tax payable.]]></description><pubDate>Fri, 07 May 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201004/28/clayton_utz_welcomes_leading_securitisation_lawyer_to_the_partnership.page</guid><title><![CDATA[Clayton Utz welcomes leading securitisation lawyer to the partnership]]></title><link>http://www.claytonutz.com/publications/news/201004/28/clayton_utz_welcomes_leading_securitisation_lawyer_to_the_partnership.page</link><description><![CDATA[Clayton Utz is delighted to announce the appointment of Andrew Jinks as a partner - reaffirming the firm's commitment to being a leading provider of legal services to Australia's banking and financial services sectors.]]></description><pubDate>Wed, 28 Apr 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201003/17/octaviar_application_for_special_leave_to_appeal_to_high_court_granted.page</guid><title><![CDATA[Octaviar: Application for special leave to appeal to High Court granted]]></title><link>http://www.claytonutz.com/publications/news/201003/17/octaviar_application_for_special_leave_to_appeal_to_high_court_granted.page</link><description><![CDATA[The High Court has granted special leave to appeal in the Octaviar matter.]]></description><pubDate>Wed, 17 Mar 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201003/16/more_accolades_for_victorias_desalination_plant_ppp_project.page</guid><title><![CDATA[More accolades for Victoria's Desalination Plant PPP project]]></title><link>http://www.claytonutz.com/publications/news/201003/16/more_accolades_for_victorias_desalination_plant_ppp_project.page</link><description><![CDATA[Around the world, Victoria's Desalination Plant PPP project continues to be recognised as a leading example of public and private sector collaboration in infrastructure projects.]]></description><pubDate>Tue, 16 Mar 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201003/15/personal_property_securities_reform-corporations_act_amendments.page</guid><title><![CDATA[Personal Property Securities Reform - Corporations Act Amendments]]></title><link>http://www.claytonutz.com/publications/news/201003/15/personal_property_securities_reform-corporations_act_amendments.page</link><description><![CDATA[The Personal Property Securities (Corporations and Other Amendments) Bill 2010 is the latest step in establishing a clear and consistent single national legal regime for security interests in personal property.]]></description><pubDate>Mon, 15 Mar 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201002/05/us_bankruptcy_court_flips_english_decision_on_flip_clauses_in_lehman_brothers_case.page</guid><title><![CDATA[US Bankruptcy Court flips English decision on flip clauses in Lehman Brothers case]]></title><link>http://www.claytonutz.com/publications/news/201002/05/us_bankruptcy_court_flips_english_decision_on_flip_clauses_in_lehman_brothers_case.page</link><description><![CDATA[On 25 January 2010, the United States Bankruptcy Court handed down its much-anticipated decision in relation to an action brought in that court by two Lehman Brothers entities against BNY Corporate Trustee Services Limited.]]></description><pubDate>Fri, 05 Feb 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/201002/02/apra_flexes_muscle_in_relation_to_securitisation-the_new_draft_aps_120_and_apg_120_reviewed.page</guid><title><![CDATA[APRA flexes muscle in relation to securitisation - the new draft APS 120 and APG 120 reviewed]]></title><link>http://www.claytonutz.com/publications/news/201002/02/apra_flexes_muscle_in_relation_to_securitisation-the_new_draft_aps_120_and_apg_120_reviewed.page</link><description><![CDATA[Reminiscent of the last release of a new draft of APS 120 in November 2007, APRA released a consultation draft of a revised APS 120 and APG 120 in late December last year. The drafts were part of a package of revised prudential standards and practice guides that implement the enhancements to Basel II finalised by the Basel Committee on Banking Supervision in July 2009.]]></description><pubDate>Tue, 02 Feb 2010 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/newsletters/banking_and_financial_services_insights/20091217/home.page</guid><title><![CDATA[Banking and Financial Services Insights]]></title><link>http://www.claytonutz.com/publications/newsletters/banking_and_financial_services_insights/20091217/home.page</link><description><![CDATA[This issue includes: Shariah funds: Opportunities and challenges in the Australian market; The PJC's Financial Services Inquiry; Quenching Melbourne's thirst with the Victorian desalination project;]]></description><pubDate>Thu, 17 Dec 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200912/10/asic_jump-starts_corporate_retail_bond_market_and_eases_disclosure_for_convertible_notes.page</guid><title><![CDATA[ASIC jump-starts corporate retail bond market and eases disclosure for convertible notes]]></title><link>http://www.claytonutz.com/publications/news/200912/10/asic_jump-starts_corporate_retail_bond_market_and_eases_disclosure_for_convertible_notes.page</link><description><![CDATA[ASIC wants to facilitate the establishment of a retail corporate bond market, by easing prospectus requirements for listed issuers.]]></description><pubDate>Thu, 10 Dec 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200911/25/parliamentary_committees_recommendations_will_impact_financial_services_industry.page</guid><title><![CDATA[Parliamentary committee's recommendations will impact financial services industry]]></title><link>http://www.claytonutz.com/publications/news/200911/25/parliamentary_committees_recommendations_will_impact_financial_services_industry.page</link><description><![CDATA[The Parliamentary Joint Committee on Corporations and Financial Services' long-awaited report into Australia's financial services sector has made 11 recommendations which will have an impact (either directly or indirectly) on distributors, platform providers and product manufacturers, as well as the financial services industry generally.]]></description><pubDate>Wed, 25 Nov 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200911/19/second_set_of_australian_consumer_law_reforms_affect_ordinary_trade.page</guid><title><![CDATA[Second set of Australian Consumer Law reforms affect ordinary trade]]></title><link>http://www.claytonutz.com/publications/news/200911/19/second_set_of_australian_consumer_law_reforms_affect_ordinary_trade.page</link><description><![CDATA[In preparation for the second tranche of the Australian Consumer Law (ACL) reforms (to be introduced into Parliament next year) the Treasury has released a consultation paper with draft Regulation Impact Statements (RIS) for public comment by Friday 27 November.]]></description><pubDate>Thu, 19 Nov 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200910/16/octaviar_application_for_special_leave_to_appeal.page</guid><title><![CDATA[Octaviar: Application for special leave to appeal]]></title><link>http://www.claytonutz.com/publications/news/200910/16/octaviar_application_for_special_leave_to_appeal.page</link><description><![CDATA[The next stage of the Octaviar case has been reached, with the making of an application forspecial leave to appeal to the high court.]]></description><pubDate>Fri, 16 Oct 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/newsletters/banking_and_financial_services_insights/20090924/home.page</guid><title><![CDATA[Banking and Financial Services Insights]]></title><link>http://www.claytonutz.com/publications/newsletters/banking_and_financial_services_insights/20090924/home.page</link><description><![CDATA[This issue includes: Syndicated lending and cartel offences under the Trade Practices Act; Introduction to Islamic finance - Part II;]]></description><pubDate>Thu, 24 Sep 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200909/21/octaviar_appeal.page</guid><title><![CDATA[Octaviar appeal]]></title><link>http://www.claytonutz.com/publications/news/200909/21/octaviar_appeal.page</link><description><![CDATA[In the Octaviar appeal, the Queensland Court of Appeal unanimously held that, although the liabilities secured had been increased, the charge had simply continued to operate in accordance with its terms and had not been varied.]]></description><pubDate>Mon, 21 Sep 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200909/18/government_guarantee_for_rmbs_and_recognition_of_importance_of_securitisation.page</guid><title><![CDATA[Government guarantee for RMBS and recognition of importance of securitisation]]></title><link>http://www.claytonutz.com/publications/news/200909/18/government_guarantee_for_rmbs_and_recognition_of_importance_of_securitisation.page</link><description><![CDATA[On 17 September 2009, the Senate Economics References Committee released its report "Government measures to address concerns in the financial sector - The Financial Claims Scheme and The Guarantee Scheme for Large Deposits and Wholesale Funding" .]]></description><pubDate>Fri, 18 Sep 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200908/24/further_recommendations_on_personal_property_securities_bill.page</guid><title><![CDATA[Further recommendations on Personal Property Securities Bill]]></title><link>http://www.claytonutz.com/publications/news/200908/24/further_recommendations_on_personal_property_securities_bill.page</link><description><![CDATA[The Senate Legal and Constitutional Affairs Committee inquiry into the Personal Property Securities Bill has released its report, which recommends further consultation and further changes to the Bill.]]></description><pubDate>Mon, 24 Aug 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200908/14/consumer_credit_reform_timetable_changes_and_regulations_exposure_draft_released.page</guid><title><![CDATA[Consumer Credit Reform Timetable Changes and Regulations Exposure Draft Released]]></title><link>http://www.claytonutz.com/publications/news/200908/14/consumer_credit_reform_timetable_changes_and_regulations_exposure_draft_released.page</link><description><![CDATA[The minister for Financial Services today announced changes to the timetable for implementation of the reforms and released for public exposure the draft National Consumer Credit Protection Reform regulations and associated explanatory material.]]></description><pubDate>Fri, 14 Aug 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200906/25/national_consumer_credit_protection_legislative_package_introduced.page</guid><title><![CDATA[National Consumer Credit Protection legislative package introduced]]></title><link>http://www.claytonutz.com/publications/news/200906/25/national_consumer_credit_protection_legislative_package_introduced.page</link><description><![CDATA[The National Consumer Credit Protection legislative package, which transfers responsibility for regulation of consumer credit to the Commonwealth, was introduced into Parliament today.]]></description><pubDate>Thu, 25 Jun 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200906/24/unfair_contract_terms_legislation_to_exclude_business_contracts_enforcement_and_remedies_expanded.page</guid><title><![CDATA[Unfair contract terms legislation to exclude business contracts, enforcement and remedies expanded]]></title><link>http://www.claytonutz.com/publications/news/200906/24/unfair_contract_terms_legislation_to_exclude_business_contracts_enforcement_and_remedies_expanded.page</link><description><![CDATA[The Trade Practices Amendment (Australian Consumer Law) Bill 2009, which will enact unfair contract terms provisions into Australian Federal law, was introduced into Parliament today.]]></description><pubDate>Wed, 24 Jun 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/newsletters/banking_and_financial_services_insights/20090623/home.page</guid><title><![CDATA[Banking and Financial Services Insights]]></title><link>http://www.claytonutz.com/publications/newsletters/banking_and_financial_services_insights/20090623/home.page</link><description><![CDATA[This issue includes: Islamic finance: An introduction; Profile - Nick Poole;]]></description><pubDate>Tue, 23 Jun 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200906/18/personal_property_securities_reform_update.page</guid><title><![CDATA[Personal Property Securities Reform Update]]></title><link>http://www.claytonutz.com/publications/news/200906/18/personal_property_securities_reform_update.page</link><description><![CDATA[New South Wales is the first State to pass the necessary referral legislation in order for the Commonwealth Government to pass its proposed personal property securities law.]]></description><pubDate>Thu, 18 Jun 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200906/18/stamp_duty_changes_in_new_south_wales.page</guid><title><![CDATA[Stamp duty changes in New South Wales]]></title><link>http://www.claytonutz.com/publications/news/200906/18/stamp_duty_changes_in_new_south_wales.page</link><description><![CDATA[The State Revenue Legislation Further Amendment Bill 2009 (NSW) was tabled in Parliament last night. Once passed it will have a significant impact on secured lending and dealings in units and shares in landowning companies and trusts.]]></description><pubDate>Thu, 18 Jun 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200906/12/further_changes_to_unfair_contract_terms_reform-and_vic_reforms_now_law.page</guid><title><![CDATA[Further changes to unfair contract terms reform - and Vic reforms now law]]></title><link>http://www.claytonutz.com/publications/news/200906/12/further_changes_to_unfair_contract_terms_reform-and_vic_reforms_now_law.page</link><description><![CDATA[The Federal Government has announced some important exclusions to its draft provisions on unfair contract terms in response to stakeholder feedback, and Victoria's new unfair contract bill is now law.]]></description><pubDate>Fri, 12 Jun 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200904/28/draft_national_consumer_credit_reforms_released.page</guid><title><![CDATA[Draft National Consumer Credit reforms released]]></title><link>http://www.claytonutz.com/publications/news/200904/28/draft_national_consumer_credit_reforms_released.page</link><description><![CDATA[Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law has released the draft National Consumer Credit Reform legislative package for public exposure.]]></description><pubDate>Tue, 28 Apr 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200904/24/solvency_clauses_term_subordinated_notes_and_debt-equity_tax_rules.page</guid><title><![CDATA[Solvency clauses, term subordinated notes, and debt/equity tax rules]]></title><link>http://www.claytonutz.com/publications/news/200904/24/solvency_clauses_term_subordinated_notes_and_debt-equity_tax_rules.page</link><description><![CDATA[The Federal Government has released exposure draft regulations that would allow certain term subordinated notes to be treated as debt under the debt/equity tax rules, despite the presence of a solvency clause. While the clauses are commonly found in Lower Tier 2 term subordinated notes issued by Authorised Deposit-Taking Institutions, the regulation will apply to all issuers.]]></description><pubDate>Fri, 24 Apr 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200903/23/senate_standing_committee_recommendations_on_pps_reform.page</guid><title><![CDATA[Senate Standing Committee recommendations on PPS reform]]></title><link>http://www.claytonutz.com/publications/news/200903/23/senate_standing_committee_recommendations_on_pps_reform.page</link><description><![CDATA[Although the Senate Standing Committee recommended that the Personal Property Securities Bill 2008 be passed,it recommended significant changes to the Exposure Draft.]]></description><pubDate>Mon, 23 Mar 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200903/18/new_charge_or_variation.page</guid><title><![CDATA[New charge or variation?]]></title><link>http://www.claytonutz.com/publications/news/200903/18/new_charge_or_variation.page</link><description><![CDATA[In Re Octaviar Ltd; Re Octaviar Administration Pty Ltd [2009] QSC 37, the Supreme Court of Queensland considered the question of what is meant by a "variation" of a charge for the purposes of section 268(2) of the Corporations Act.]]></description><pubDate>Wed, 18 Mar 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200903/09/clayton_utz_recognised_for_role_on_award-winning_smart_transaction.page</guid><title><![CDATA[Clayton Utz recognised for role on award-winning SMART transaction]]></title><link>http://www.claytonutz.com/publications/news/200903/09/clayton_utz_recognised_for_role_on_award-winning_smart_transaction.page</link><description><![CDATA[Clayton Utz has received international recognition for its advisory role on the Macquarie SMART Series 2008-1E deal, which was announced Structured Finance and Securitisation Deal of the Year at the International Financial Review Awards (IFLR) Asia Awards 2009 held in Hong Kong on 4 March.]]></description><pubDate>Mon, 09 Mar 2009 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/newsletters/banking_and_financial_services_insights/20081211/home.page</guid><title><![CDATA[Banking and Financial Services Insights]]></title><link>http://www.claytonutz.com/publications/newsletters/banking_and_financial_services_insights/20081211/home.page</link><description><![CDATA[This issue includes: Managing the global financial crisis; Credit crunch - Some lessons for structuring and operating property funds; Developments in dollar-based materiality in unit pricing; Government guarantee package; Syndicated facility achieved for client in a difficult climate; Profile - Ben Sandstad;]]></description><pubDate>Thu, 11 Dec 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200812/10/mortgagor_protection_amendments_to_the_property_law_act.page</guid><title><![CDATA[Mortgagor Protection: Amendments to the Property Law Act]]></title><link>http://www.claytonutz.com/publications/news/200812/10/mortgagor_protection_amendments_to_the_property_law_act.page</link><description><![CDATA[Mortgagees in Queensland exercising their power of sale will be required to comply with new rules following the passage of the Property Law (Mortgagor Protection) Amendment Act 2008 last week. In particular, the provisions dealing with a mortgagee's duty to take reasonable care to ensure the property is sold at market value have been strengthened.]]></description><pubDate>Wed, 10 Dec 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200811/25/latest_pieces_of_guarantee_scheme_for_large_deposits_and_wholesale_funding_released.page</guid><title><![CDATA[Latest pieces of guarantee scheme for large deposits and wholesale funding released]]></title><link>http://www.claytonutz.com/publications/news/200811/25/latest_pieces_of_guarantee_scheme_for_large_deposits_and_wholesale_funding_released.page</link><description><![CDATA[On 21 November 2008, the Government released: the Guarantee that will apply to deposit liabilities held with eligible Australian authorised deposit-taking institutions (ADIs) in excess of $1 million and to wholesale funding liabilities of eligible ADIs; and the Rules that will govern access to the Guarantee. The eligible ADIs are listed in Schedule 1 to the Rules and include Australian-incorporated ADIs which are subsidiaries of foreign banks and branches of foreign banks.]]></description><pubDate>Tue, 25 Nov 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200811/19/personal_property_securities_bill_referral_to_senate_standing_committee.page</guid><title><![CDATA[Personal Property Securities Bill referral to Senate Standing Committee]]></title><link>http://www.claytonutz.com/publications/news/200811/19/personal_property_securities_bill_referral_to_senate_standing_committee.page</link><description><![CDATA[Many of you would have read our previous Alerts regarding the proposed adoption in Australia of wide ranging personal property securities reforms. As a culmination of the public consultation process that has already been implemented by the Attorney-General's Department in relation to the new regime, the exposure draft of the Personal Property Securities Bill 2008 (PPS Bill) was referred to the Senate Standing Committee on Legal and Constitutional Affairs on 13 November 2008.]]></description><pubDate>Wed, 19 Nov 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200811/13/new_south_wales_mini-budget.page</guid><title><![CDATA[New South Wales Mini-Budget]]></title><link>http://www.claytonutz.com/publications/news/200811/13/new_south_wales_mini-budget.page</link><description><![CDATA[The NSW Treasurer, the Hon. Eric Roozendaal, released the 2008-09 New South Wales Mini-Budget on 11 November 2008. The Budget is aimed at securing the State's tax revenue base and the measures include deferring the abolition date for some of the State taxes that were shortly due to be abolished as well as increasing the rate of land tax in relation to premium properties.]]></description><pubDate>Thu, 13 Nov 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200811/12/credit_crunch_response_1_million_threshold_limit_and_covered_financial_products_clarified.page</guid><title><![CDATA[Credit crunch response: $1 million threshold limit and covered financial products clarified]]></title><link>http://www.claytonutz.com/publications/news/200811/12/credit_crunch_response_1_million_threshold_limit_and_covered_financial_products_clarified.page</link><description><![CDATA[The latest piece of the Federal Government's response to the credit crunch has been released: a regulation establishing the $1 million threshold limit on the Government Guarantee, and the declaration of a list of covered financial products that will comprise protected accounts for the purposes of the Government Guarantee.]]></description><pubDate>Wed, 12 Nov 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200811/05/interim_wholesale_funding_and_foreign_adi_guarantee_deed_released.page</guid><title><![CDATA[Interim wholesale funding and Foreign ADI guarantee deed released]]></title><link>http://www.claytonutz.com/publications/news/200811/05/interim_wholesale_funding_and_foreign_adi_guarantee_deed_released.page</link><description><![CDATA[The Federal Government has released an interim Deed of Guarantee covering wholesale funding by Australian and Foreign ADIs. It also covers deposits with Foreign ADIs. The extension of the guarantee to Foreign ADI deposits supplements the guarantee of so called "protected accounts" (which are effectively deposit products) with Australian ADIs under the Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008.]]></description><pubDate>Wed, 05 Nov 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200810/29/revised_credit_crunch_guarantee_package.page</guid><title><![CDATA[Revised credit crunch guarantee package]]></title><link>http://www.claytonutz.com/publications/news/200810/29/revised_credit_crunch_guarantee_package.page</link><description><![CDATA[On Friday 24 October the Treasurer, Wayne Swan, announced changes to the Federal Government's response to the credit crunch, the Deposit Guarantee and Wholesale Funding Guarantee, and on 28 October, Treasury released "Design and Operational Parameters" for these arrangements.]]></description><pubDate>Wed, 29 Oct 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200810/03/further_detail_on_consumer_credit_reform.page</guid><title><![CDATA[Further detail on consumer credit reform]]></title><link>http://www.claytonutz.com/publications/news/200810/03/further_detail_on_consumer_credit_reform.page</link><description><![CDATA[The Federal Government has released a statement setting out more information about the proposed Federal takeover of credit. In summary it appears that: the UCCC will be enacted as Federal law and extended to cover mortgages on investment properties; financial brokers, advisors and credit providers are to be covered by a national licensing scheme, with lenders licensed by ASIC there is to be one external dispute resolution body to which all lenders must belong; the Corporations Act is to be extended to cover margin lending.]]></description><pubDate>Fri, 03 Oct 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200809/24/clayton_utz_lawyer_recognised_for_pro_bono_contribution.page</guid><title><![CDATA[Clayton Utz lawyer recognised for pro bono contribution]]></title><link>http://www.claytonutz.com/publications/news/200809/24/clayton_utz_lawyer_recognised_for_pro_bono_contribution.page</link><description><![CDATA[Clayton Utz senior associate Samantha Lentell has been awarded the Queensland Emergent Woman Lawyer of the Year Award for 2007/2008 by the Women Lawyers Association of Queensland Inc.]]></description><pubDate>Wed, 24 Sep 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200809/11/clayton_utz_continues_legal_education_at_unsw.page</guid><title><![CDATA[Clayton Utz continues legal education at UNSW]]></title><link>http://www.claytonutz.com/publications/news/200809/11/clayton_utz_continues_legal_education_at_unsw.page</link><description><![CDATA[For the fifth year Clayton Utz is hosting a four-day intensive financial services program at the University of New South Wales. This course is postgraduate accredited and qualifies for MCLE points, and fuses practical and comprehensive analysis of the financial services sector.]]></description><pubDate>Thu, 11 Sep 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200809/01/personal_property_securities_law_the_practical_issues.page</guid><title><![CDATA[Personal Property Securities Law: The practical issues]]></title><link>http://www.claytonutz.com/publications/news/200809/01/personal_property_securities_law_the_practical_issues.page</link><description><![CDATA[The Australian Attorney-General has now released the Discussion Paper for the Regulations to be made under the Personal Property Securities Act.]]></description><pubDate>Mon, 01 Sep 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200808/15/regulation_of_consumer_credit-update.page</guid><title><![CDATA[Regulation of Consumer Credit - Update]]></title><link>http://www.claytonutz.com/publications/news/200808/15/regulation_of_consumer_credit-update.page</link><description><![CDATA[The Ministerial Council on Consumer Affairs ("MCCA") has just met and released a communique with proposals for far-reaching consumer policy reform it will recommend to the Council of Australian Governments for its October meeting.]]></description><pubDate>Fri, 15 Aug 2008 00:00:00 EST</pubDate></item><item><guid>http://www.claytonutz.com/publications/news/200807/15/aussie_abs_can_be_ecb_repo-eligible.page</guid><title><![CDATA[Aussie ABS can be ECB repo-eligible]]></title><link>http://www.claytonutz.com/publications/news/200807/15/aussie_abs_can_be_ecb_repo-eligible.page</link><description><![CDATA[The European Central Bank has accepted the first securities backed by Australian receivables as being eligible for inclusion on the eligible assets database of the European Central Bank ("ECB"), making them "repo-eligible" with the ECB.]]></description><pubDate>Tue, 15 Jul 2008 00:00:00 EST</pubDate></item></channel></rss>