Tag Archives: Regulation

What’s New in E-Cigarette Regulation?

There is little question that youth e-cigarette use has been on the rise. In 2018, an estimated 3.6 million kids reported “current use” of e-cigarettes (defined as use on at least one day in the past 30 days), up from just 220,000 kids reporting such use in 2011 (See National Youth Tobacco Survey findings). Although youth e-cigarette use raises public health concerns, there’s also a public health upside to e-cigarettes, as they have been shown to be an effective tool in helping current adult cigarette smokers kick the habit and are a safer option for current smokers than combustible tobacco products (e.g., cigarettes).  Therefore, it seems that broad restrictions on everyone’s access to these products is probably not the solution here. So what is the answer? How do we keep e-cigarettes out of the hands of children, but maintain their availability for adult cigarette smokers? Let’s track what’s recently been done on the federal and state/local levels to address the issue.

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What’s new? – Employment law in 2019

Several key changes in employment law have taken place over the period from the end of last year to now, particularly with regard to the rights and obligations associated with casual employment and NES entitlements. Employers need to be aware of these changes and how they impact on their current workplace practices and policies.

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Royal Commissioner Kenneth Hayne’s interim report

Royal Commissioner Kenneth Hayne’s interim report contains no specific recommendations, and no draft recommendations, but rather postulates two main questions for further consideration:

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Financial Services in Focus – Issue 4

Funds & financial products

Client Money Reporting Rules Enforcement Powers Regulations registered

On 8 June the Corporations Amendment (Client Money Reporting Rules Enforcement Powers) Regulations 2018 (Cth) was registered.

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Financial Services in Focus – Issue 3

Funds and financial products

Legislation introduced regarding the second and final phase of ASIC fee-for-services industry funding model

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ILN Today Post

Vermont: First-of-its kind legislation would regulate and tax blockchain, cryptocurrency, and financial technology

Last week, we addressed states’ ongoing interest in legalizing marijuana despite steps that Attorney General Jeff Sessions has taken to prosecute it at the federal level. Vermont is set to be the next state to legalize recreational weed, but the first to do so via legislation, making it a bit of a trailblazer. The tiny jurisdiction is showing its stripes in a different context this week, by considering legislation that would tax blockchain, cryptocurrency, and financial technology.

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ILN Today Post

Regulation of Investment Crowdfunding

The CVM issued on July 13, 2017, CVM Instruction 588 (” CVM Instruction 588 “), which regulates the public offer of distribution of securities issued by small business companies, carried out with exemption from registration by means of a platform (” Platform “) on the Internet (” Crowdfunding ” or ” Equity Crowdfunding”).

The new regulation allows companies with annual gross revenue of up to R $ 10 million reais to make offers through collective financing on the internet, with automatic waiver of offer registration and issuer in the CVM. To protect investors, one of the conditions is that this type of offer only occurs through the Platforms, which will go through the process of obtaining authorization from the CVM.

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ABA responds: Big reforms for small business lending are on their way

On 28 March 2017 the Australian Bankers’ Association (ABA) released its response to Mr Phil Khoury’s independent review of the Code of Banking Practice (Code) issued on 20 February 2017 (Khoury Report). The Code applies to personal and small business bank customers and sets out the banking industry’s key commitments and obligations to customers on standards of practice, disclosure and principles of conduct for their banking services. Our update on the Khoury Report is available here.

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Khoury Report – substantial reforms for small business lending

On 20 February 2017, Mr Khoury published his final report of the Independent Review of the Code of Banking Practice (Code). Mr Khoury is an independent governance expert appointed by the Australian Bankers’ Association (ABA) to conduct an independent review of the Code.

The Code applies to personal and small business bank customers and sets out the banking industry’s key commitments and obligations to customers on standards of practice, disclosure and principles of conduct for their banking services.

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ILN Today Post

Information Report. Equitalia’s tax bills resolution

The conversion Law no. 225/2016 of the Legislative Decree October 22, 2016, no. 1931 entitled “Urgent measures on taxation and for the financing of non deferrable needs” regulates, under article 6, the simplified resolution of the loads entrusted to the tax collection agent from 2000 to 2016.

Subjective scope of applicability of the regulation

All taxpayers (individuals, companies, sole traders and professionals) who have received a payment load entrusted to the tax collection agent from 2000 to 2016 can make use of the provision in question.
The regulation provides that debtors can pay off their indebtedness net of penalties and late payment interest, granting them the opportunity to pay only the sums entrusted to the tax collection agent by way of capital, interest, collection charges (to be calculated, as a result of sanctions reductions, only on capital and interest accrued from the delayed registration), any reimbursement of expenses incurred for enforcement proceedings, as well as any reimbursement of expenses for payment notices.
The resolution can also be exercised by debtors who have already partially paid, also as a result of the deferral orders issued by the agent, the amounts due provided that, with respect to the installment plans in place, all payments expiring from October 1 to December 31, 2016 have been made.

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