BEAR
The Banking Executive Accountability Regime (BEAR) is shaping up to be the most significant piece of business-related legislation hitting this year. We have discussed the details of these reforms on a few occasions: Budget 2017 ...
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smart contracts
‘Smart contracts’ have not yet taken off as a common commercial tool in Australia. In light of this, consideration of the legal, compliance and regulatory implications of smart contracts involves a lot of guesswork. However, ...
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AUSTRAC
On November 13, the Australian Transaction Reports & Analysis Centre (AUSTRAC) commented on the civil proceedings that it successfully brought against Tabcorp under Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation (see here). In those statements, ...
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Embedded Network Manager
The Australian Energy Regulator (AER) has just announced that a transitional compliance approach to the new embedded network manager (ENM) obligations that are coming into force on 1 December (https://www.aer.gov.au/communication/aer-announces-transitional-compliance-approach-embedded-network-manager-appointment). By Dr Drew Donnelly, Compliance ...
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dispute resolution exempt sellers
We recently summarised the changes proposed in the new draft retail exempt selling guideline (the draft guideline) issued by the Australian Energy Regulator (https://compliancequarter.com.au/aer-seeking-feedback-revised-draft-retail-exempt-selling-guideline/). By far the most significant change proposed is to the dispute ...
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WIX-Act
Last week we talked about the Independent Pricing and Regulatory Tribunal NSW (IPART) Review of Compliance and Enforcement Policy (read the full story here). We mentioned there that a key compliance and enforcement responsibility of ...
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