Asia Pacific

Financial Services in Focus – Issue 14

Funds and financial products

ASIC again warns financial firms to join Australian Financial Complaints Authority

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Talking Tax – Issue 139

ATO updates

Greater guidance for reporting approved SMSF auditors

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Public Law – Issue Two

Welcome to the second issue of Hall & Wilcox’s newsletter for the public sector, Public Law.

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Copyright law update – proposed amendments to website blocking laws

The Federal Government has recently released the Copyright Amendment (Online Infringement) Bill 2018 (Bill) which proposes to amend section 115A of the Copyright Act 1968 (Cth).1

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Data breaches and the GDPR – the new frontier of privacy regulation in Australia

In Australia, as well as internationally, this year has brought significant developments in the area of privacy regulation that may affect your business. Two areas of privacy compliance in particular that Australian businesses need to understand and respond to are:

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Another day, another financial services inquiry – non-bank lenders now in the Senate spotlight

The announcement on Wednesday 17 October 2018 of a Senate inquiry into “credit and financial services targeted at Australians at risk of financial hardship” continues the current forensic examination into the state of financial services in Australia.

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New appointment bolsters Hall & Wilcox’s health and community sector

Leading independent business law firm Hall & Wilcox has bolstered its health, aged care, life sciences and community practices by appointing a respected leader in the field Alison Choy Flannigan as a new partner and leader of the firm’s national industry team.

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Talking Tax – Issue 138

Case law

Overseas services provided to Australians subject to Australian tax

In Satyam Computer Services Limited v FCT [2018] FCAFC 172, the Full Federal Court upheld a decision that payments received for services provided to Australian customers by Indian based employees of an Indian company are deemed to have an Australian source and are therefore assessable in Australia.  The Court held that this was not double taxation, even though the payments were also royalties under the Australia-Indian DTA (Indian Agreement).

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New rights for casual employees – what you need to know

From 1 October 2018 new rights that apply to casuals have come into effect which employers should be aware of.

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Financial Services in Focus – Issue 13

Funds and financial products

Corporate Collective Investment Vehicle – tranche three

On 12 October, the Government has released for public consultation the third tranche of the Treasury Laws Amendment (Corporate Collective Investment Vehicle) Bill 2018 and related explanatory materials.

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