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LATEST
PRESS REVIEW
19 June 2013
Insurers to hike premiums despite Vic tax cut
The country’s biggest insurers will continue to hike premiums even though the Victorian government has removed a $500 million fire services levy from the industry. (Australian Financial Review )
Woolworths says the answer is competition, not GST
Online sales of less than $1,000 are exempt from GST, something bricks and mortar retailers claim gives the internet upstarts an unfair advantage. (ABC online)
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Updated Corporations Regulations
The CCH Australian Corporations Legislation has been updated for recent amendments, detailed below, which are now available online.
Stockbroking activities under FoFA
The government has released Corporations Amendment Regulation 2013 (No 4) (the Regulation), which makes a number of amendments to the Corporations Regulations 2001.
New ASIC Consultation Paper 211 Facilitating electronic offers of securities: Update to RG 107
ASIC is seeking feedback on its recently published Consultation Paper 211 Facilitating electronic offers of securities: Update to RG 107.
ASIC updates RG 139 and 165; tightening rules of access to EDR schemes for small business borrowers
ASIC has refined the rules for access to external dispute resolution (EDR) schemes for small business borrowers. ASIC has publishes Report 348 Response to submissions on CP 190 Small business lending complaints: Update to RG 139.
PPSA model clauses collaboration
In response to the uncertainty caused by the introduction of the PPSA, five major Australian law firms collaborated to draft a suggested standard for the core provisions to be included in a General Security Agreement. The law firms involved in this are: • Allens • Ashurst • Herbert Smith Freehills • King & Wood Mallesons • Norton Rose Fulbright.
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