Leading Australian law firm Hall & Wilcox has advised Zebpay, one of the world’s largest crypto exchange operators, on its Australian cryptocurrency exchange operations, which launched on 8 May 2019.
It is common for employers to utilise temporary work visa schemes when employing foreign workers. Often, human resource departments will come across subclass 457 and 482 visa applicants/holders during the recruitment process. While many employers are familiar with their obligations as sponsors, it is also important to understand the obligations which apply to employees who are subclass 457 and 482 visa holders, as a breach of visa conditions may result in visa cancellation and sanctions on the employer.
What is W&I insurance?
Warranty and indemnity insurance is a cornerstone risk management tool for vendors and purchasers in Australian M&A transactions.
The Labour Hire Licensing Act 2018 (Vic) (Act) was introduced to better regulate the labour hire industry, reflecting similar legislation introduced in Queensland and South Australia (although the South Australian scheme is being repealed).
When an employee has two jobs with the same employer, questions can arise as to the employee’s entitlements. This was the situation for an Australia Post employee who made a claim in the Federal Circuit Court of Australia (FCC).
In this edition of our newsletter for the public sector, you’ll find a great recipe for Easter, an interview with Stefan Grun, Executive Manager – Marketing & Communications, VicHealth and wrap up the federal budget.
Funds and financial products
ASIC survey of marketplace lending providers
On 12 April, ASIC released Report 617 Survey of marketplace lending providers: 2017–18 and an accompanying infographic.
E-commerce has seen exponential growth in India since the issuance of press note 2 of 2000 by the Government of India permitting 100% foreign direct investment (“FDI”) in Business to Business (B2B) e-commerce activities. With the growth came deviations and the Government received many complaints about certain marketplace platforms violating the policy by influencing the price of products and indirectly engaging in inventory based model, which is not otherwise permitted. The Government issued another press note dated December 26, 2018 (“Press Note”) to introduce certain changes to the FDI policy in the e-commerce sector. Coming into effect from February 1, 2019, this Press Note has had far-reaching implications on e-commerce entities (with FDI) operating in India, requiring them to significantly overhaul their existing business model to comply with the current FDI Policy. Reportedly various e-commerce giants like Amazon sought an extension for compliance with this Press Note, however, no such extension was granted, and this Press Note became effective on February 1, 2019.
The long-awaited Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019 (DDO & PIP Act) has passed and received Royal Assent on 5 April 2019.