Banking and Financial Services Insights

05 April 2007

Welcome to the April edition of Clayton Utz Banking & Financial Services Insights, in which we’ll examine:

what Sons of Gwalia really means
Retail investment products for super funds
recent changes to ISDA definitions
APRA's powers to act against a person who gave evidence at a Royal Commission
a recent decision on super trustees and the best interests covenant.

Sons of Gwalia - hype or horror story?

How will the Sons of Gwalia decision play out, asks Karen O'Flynn.

Retail investment products for super funds

By Zein El Hassan.

When superannuation funds invest in instalment receipts and warrants, what are the regulators' views? As Zein El Hassan discovers, those views have changed over time, and superannuation trustees still need to consider whether particular instalment products are appropriate investments for their particular superannuation fund.

2006 ISDA Definitions

By Belinda Bible and Louise McCoach.

A revised edition of the ISDA definitions has been published. Belinda Bible and Louise McCoach highlight the significant changes.

The X&Y Files: High Court confirms APRA's powers

By Peter Mann and Ray Giblett.

The decision in X v APRA should disabuse senior managers of the notion that they are protected from evidence given at a Royal Commission being used against them, as Peter Mann and Ray Giblett explain.

APRA and the AXA Staff Plan Directors - Part 2

By Zein El Hassan and Phillip Turner.

Directors may be faced with disqualification orders as a result of adverse findings by APRA and the AAT following a recent case, warn Zein El Hassan and Phillip Turner.

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