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AML/CTF compliance reports
All reporting entities with obligations under the AML/CTF Act are required to submit a compliance report to AUSTRAC by 31 March 2012.

ASIC releases investor guide and disclosure guidance for agribusiness schemes
ASIC has released an investor guide and regulatory guidance with new disclosure benchmarks and principles for agribusiness managed investment schemes to improve investor awareness of the risks…

Exposure Draft - Personal Liability for Corporate Fault Reform Bill 2012
The Hon David Bradbury MP has announced the release of an exposure draft of the Personal Liability for Corporate Fault Reform Bill 2012.

Shorter product disclosure statements
The Minister for Financial Services, Bill Shorten has provided clarity to providers of superannuation platforms and multifunds in respect of the Shorter Product Disclosure Statement regime.

McMahon Clarke advises on Accor's acquisition of Mirvac Hotels and Resorts
McMahon Clarke is proud to have advised the Accor Group on the acquisition of the Mirvac Hotels and Resorts business for $182 million.

Government announces final element of Investment Manager Regime
Australia will aim to attract more foreign capital after the Government announced it would implement the third and final element of an investment manager regime.

Development of the retail corporate bond market
The Deputy Prime Minister and Treasurer has released a discussion paper regarding proposals aimed at developing the Australian retail corporate bond market by streamlining disclosure and liability...

McMahon Clarke advises on Centro MCS restructure
McMahon Clarke has recently advised on the restructure of the Centro Group, one of the largest and most complex restructures in Australian corporate history.

Inquiry into the future of the AGM
The Gillard Government will ask the Commonwealth's corporate law advisory body to examine the future of the company annual general meeting.

ASIC releases updated guidance for issuers of disclosure documents or product disclosure statements
ASIC has updated its guidance for issuers of disclosure documents and product disclosure statements.

Proposed amendments to the Corporations Act
Treasury releases discussion paper to amend dividends test in the Corporations Act.

Regulating Australian Carbon Credit Units and Eligible International Emissions Units as Financial Products
On 15 September 2011 Acts to establish the Carbon Farming Initiative scheme received royal assent. The package of legislation includes the Australian National Registry of Emissions Units Act 2011…

ASIC proposals for research houses
ASIC has released a consultation paper proposing research report providers, including research houses, separate their business units as a strategy to manage conflicts of interest...

New enrolment requirements for reporting entities
Amendments have been made to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

ASIC seeks to make prospectuses more useful
ASIC has finalised guidance that will help companies produce better prospectuses. It has also released a webpage on MoneySmart that will help potential investors to understand them.

New financial requirements for responsible entities
The Australian Securities and Investments Commission has released the long awaited new financial requirements for responsible entities.

ASIC releases new financial requirements for responsible entities
ASIC has released new financial requirements for responsible entities of managed investment schemes.

Fundamental October 2011
Welcome to the first edition of Fundamental, our online magazine for fund managers and their advisers.

Ban on commissions (FOFA reforms)
On 28 September 2011, the Treasury released the second tranche of the Future of Financial Advice (FOFA) draft legislation for public comment.

Regulation of MISs - CAMAC discussion paper
This article written by Brendan Ivers for Lexis Nexis’ Financial Services Newsletter outlines the proposals set out in CAMAC's discussion paper on the potential overhaul of the insolvency regime...

A guide to the new personal property securities regime for fund managers
This article, written by Brendan Ivers and Emma Stapleton, was recently published in the Lexis Nexis Financial Services Newsletter and discusses the application of the PPS regime to fund managers.

Andrew Forrest and Fortescue Metals granted leave to appeal
On 29 September 2011, the High Court granted Andrew Forrest and Fortescue Metals leave to appeal the Federal Court’s February decision...

Exposure Draft - Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011
The second tranche of the Future of Financial Advice legislation entitled Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011 has been released for public comment.

ASIC releases overview of credit disclosure obligations
ASIC has released Information Sheet 146 to assist industry understand their new credit disclosure obligations. The credit disclosure obligations commence on 2 October 2011.

99 per cent of agricultural business entirely Australian owned
Australian Bureau of Statistics data shows 99 per cent of Australian agricultural businesses are entirely owned by Australians.

Future of Financial Advice reform one step closer: best interests duty and opt-in requirements released
A meaningful snapshot of the impending financial advice reforms was unveiled on 29 August 2011...

ASIC releases new advertising guidelines
ASIC has released a consultation paper and draft regulatory guide containing best practice guidance for the advertising of financial products and financial advice.

Future of Financial Advice reforms - draft legislation
More Australians will seek financial advice following the announcement of the draft legislation to implement the Gillard Government's Future of Financial Advice reforms.

ASIC extends consultation period on debentures and advertising and extends interim no-action position
ASIC has announced it will conduct further consultation on proposals that would revise its policy on how debt securities can be described in offer documents...