29 April 2005
Welcome to the April edition of Clayton Utz Banking & Financial Services Insights. In this edition we'll look at some issues arising from the new super choice that comes into effecton 1 July, and why ATO guidance is needed.
As part of the implementation of Basel II, APRA has released a draft prudential standard on its standardised approach to credit risk. What changes does it propose?
We'll also ask if Government should compensate a private party in default under a PPP?
By David Klarich.
David Klarich warns that following Victoria’s abolition of mortgage duty on 1 July 2004, Queensland and Western Australia have taken the opportunity to take a greater share of the pie.
By Stuart Cosgriff and John Shirbin.
In negotiating a PPP contract both parties should carefully consider whether compensation will be payable by the Government to the private party in the circumstance of termination by the Government party for the default by the private party, write Stuart Cosgriff and John Shirbin.
By Zein El Hassan and Sonia Lopes.
In this article, Zein El Hassan and Sonia Lopes consider whether employers have to give defined benefit members choice of fund where the relevant trust deed gives the trustee or the employer a discretion to reduce contributions and modify benefits.
By Brian Salter and Boon-Li Tan.
APRA has recently released a capital adequacy discussion paper. Brian Salter and Boon-Li Tan discuss the proposed changes.
Leah's experience and expertise extend across all types of funding arrangements.
