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The ACCC's win on appeal against Lux Distributors clarifies how courts will apply the Australian Consumer Law's unconscionable conduct provisions, and is likely to bolster the ACCC's efforts to prove other cases of alleged unconscionable conduct in commercial or small business transactions (Australian Competition and Consumer Commission v Lux Distributors Pty Ltd  FCAFC 90).
19 Aug 2013
The Australian Prudential Regulation Authority (APRA) has released further guidance on how it will treat authorised deposit-taking institutions' (ADIs) applications to establish a secured committed liquidity facility (CLF) as part of its implementation of the Basel III liquidity framework in Australia.
09 Aug 2013
The High Court of Australia has upheld the Federal Government's Minerals Resource Rent Tax (Fortescue Metals Group Limited v The Commonwealth  HCA 34).
07 Aug 2013
The regulation of the Australian OTC derivatives market continues to evolve. The next step may be the introduction of a central clearing mandate for interest rate derivatives denominated in US dollars, pounds sterling, euros and yen.
19 Jul 2013
Directors and officers involved in legal proceedings should be able to access defence costs under their D&O policies without fear that they will be subject to a statutory charge imposed by section 6 of the Law Reform (Miscellaneous Provisions) Act 1946
19 Jul 2013