30 May 2005
Welcome to the May edition of Clayton Utz Banking & Financial Services Insights. In this edition we'll look at two sets of reforms proposals - one which will simplify aspects of FSR, and another to improve governance of APRA-regulated entities.
With tax changes at the federal level, it's easy to miss the raft of state tax changes being phased in. We'll explain some of the challenges these changes will bring.
Finally, we'll find out how the EFT Code of Conduct deals with claims by banking customers affected by online fraud.
By Mark Sneddon, David Kreltszheim and Stuart Gregory.
Mark Sneddon, David Kreltszheim and Stuart Gregory explain how banking customers affected by online fraud will have their claims regulated by the EFT Code of Conduct where the affected account was of a non-business nature.
By David Klarich and Alex Ta.
David Klarich and Alex Ta identify those state taxes which will be abolished over the next five to six years, a transition period which may be challenging for business.
By John Moutsopoulos and John Dyson.
John Moutsopoulos and John Dyson discuss the proposed amendments to the FSR Regime which have been released for comment.
Australia has one of the world's most active securitisation markets, and our new Guide gives you an overview of the law affecting this exciting and growing sector of the financial services market.
By Zein El Hassan.
What will APRA's proposed standards on governance mean for regulated entities, asks Zein El Hassan.
We're always proud of our work, and it's nice to get some recognition of it. Our Banking and Financial Services team won two of the 2005 Australasian Legal Business Deals of the Year Awards - Infrastructure Deal of the Year and Securitisation Deal of the Year.
Fran Rush has more than 14 years property and finance experience acting for lenders, borrowers and insolvency practitioners.
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