The Financial Accountability Regime (FAR), recently established by the long-awaited Financial Accountability Regime Act 2023 (Cth) (the Act), will come into effect for the banking industry in March 2024, and…
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Banking and Finance Law Posts
Environmental, social and governance (ESG) toolkit: Australia and New Zealand
A toolkit setting out Practical Law’s key resources on environmental, social and governance (ESG) issues and regulation in Australia and New Zealand. Understanding ESG is crucial for lawyers, as clients…
Read moreWhat’s Ahead For 2023: Horizon Scanning With Practical Law
There is always something new happening in law — new legislation, new regulatory frameworks, new cases that update the law, and more. Legal teams must keep up-to-date with the all…
Read moreFool’s Gold: GST and Precious Metals Fraud
It has been two years since ACN 154 520 199 Pty Ltd (in liq) v Federal Commissioner of Taxation (2020) 282 FCR 455; [2020] FCAFC 190 (EBS & Associates) and…
Read moreCashless is King for the Banks, Not Financial Crime Control
There have been several advocates, particularly post-pandemic, for a cashless Australian society (if not world). Motivations for a cashless society are not limited to the control of financial crime of…
Read moreFinancial Services Licences Conditional on Cybersecurity Measures, decrees Federal Court
In an Australian first, the Federal Court has held that Financial Services Licensees must effectively manage cybersecurity risks to satisfy the Corporations Act.
Read moreASIC’s Updated ePayments Code Now Covers New Payments Platform
In addition to extending its application to the New Payments Platform, the Code enhances consumer protection in the banking and finance system.
Read moreMental Health and Wellbeing for Legal Professionals: The Essential Toolkit
Mental health and wellbeing is a growing concern within the legal profession, given the responsibilities of legal professionals.
Read moreAustralian Legal Market Midyear Update 2022
The 2022 financial year hits midyear in stride within the Australian legal market. But do talent concerns wait in the wings?
Read moreControlling the Rise of Financial Crime During the Pandemic: What has Changed?
Fraud and cybercrime are on the rise as organised crime schemes are forced to diversify in the changing face of the pandemic.
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