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Australia Financial Institutions Superannuation

K&L Gates LLP

Not That FAR Away

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On 15 March 2024, the Financial Accountability Regime (FAR) came into effect for authorised deposit-taking institutions (ADIs), replacing the Banking Executive Accountability Regime (BEAR). Unlike the BEAR, application of the...more

Jones Day

Australian Financial Services Regulatory Update | Q3–Q4 2022

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This edition of the Update covers: Recent legal and regulatory developments, including guidance to APRA-regulated entities following the cyber attacks on Medibank and Optus, the release of the inaugural Climate...more

Jones Day

ASIC Doubles Down on Civil Penalty Proceedings Against Industry Superannuation Funds

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REST and Statewide Superannuation become the first industry superannuation funds to be caught in the crosshairs of ASIC's "why not litigate" approach to enforcement. The Australian Securities and Investments Commission...more

Jones Day

Australia Financial Services Industry Royal Commission Leads to Class Actions Boom

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Australia's landmark Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry that was conducted throughout 2018 and reported in early 2019 highlighted numerous examples of potential...more

A&O Shearman

Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry: Key Themes in the...

A&O Shearman on

The final report (the Report) of the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (the Royal Commission) was released on 4 February 2019. The Report provides 76...more

Jones Day

Australian Government Releases Draft of Private Sector Whistleblower Protection Law

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The Situation: Currently, limited protections exist in Australia for private sector whistleblowers against victimization and detrimental treatment. The Development: The Australian government has released draft law that...more

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