31 October 2005
Welcome to the October edition of Clayton Utz Banking & Financial Services Insights, in which we'll look at two issues in derivatives: what happens when there's a takeover, and the new ISDA Novation Protocol.
We'll also find out what effect the new APRA Outsourcing Standard has on superannuation life policies - it's more complicated than you might think - and round up recent developments in stamp duty.
By Zein El Hassan.
Zein El Hassan asks whether superannuation life policies issued to trustees of registrable superannuation entities are caught by the Outsourcing Standard under the new Safety in Superannuation regime.
By Ninian Lewis and Louise McCoach.
Participants in the credit derivatives markets may not be able to enter into novations of credit default swaps with most of the major credit derivatives dealers unless they have adhered to the ISDA 2005 Novation Protocol, say Ninian Lewis and Louise McCoach.
By David Klarich.
David Klarich looks at some recent developments in the stamp duty legislation which developers and investors should be aware of.
John provides advice on a wide range of financial services issues and transactions, and has extensive experience in managed investments, as well as master trust and wrap platform arrangements and financial services regulation.
