January 22, 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.
October 30, 2018
Royal Commissioner Kenneth Hayne’s interim report contains no specific recommendations, and no draft recommendations, but rather postulates two main questions for further consideration:
June 12, 2018
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.
ILN Today Post
January 26, 2018
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.
ILN Today Post
August 4, 2017
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.
May 22, 2017
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.
March 29, 2017
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.
ILN Today Post
December 7, 2016
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.