Australia: Why Failing to Ask Questions Can Be a Breach of a Director’s Duties

An Australian court's decision is an important reminder to directors and officers of their continuing duty to make adequate inquiries in relation to issues that have the potential to harm the company and not to solely rely on the advice and information of others.

Australian Government Introduces Bill to Mandate Professional Standards for Financial Advisers

The Turnbull Government has introduced the Corporations Amendment (Professional Standards of Financial Advisers) Bill 2016 into Parliament as part of reforms to raise the professional, ethical and education standards for financial advisers.

Australia: Misuse of Market Power Bill introduced in Parliament

On 1 December 2016, the Federal Government took a further step towards implementing the Harper Review recommendations regarding the prohibition against misuse of market power.

Breaking Up With Ashley Madison: Limits on Retaining Information About Past Users

When a person deactivates, deletes or disengages with his or her profile on an online service, what happens to that person's personal information? When a person leaves, does personal information stay?

Australia – New Mandatory Data Breach Notification Bill

On 19 October the Privacy Amendment (Notifiable Data Breaches) Bill 2016was introduced into the House of Representatives. If passed, the new law will require entities subject to the Privacy Act 1988 (Cth) to notify data subjects and the Information Commissioner of an "eligible data breach".

Singapore-Australia Free Trade Agreement (SAFTA): 3rd Review Completion with New Updates

Trade between Singapore and Australia is strong as the value of two-way goods trade was AUD 16.2 billion in 2015. Both countries took steps to make it even stronger when they completed the 3rd review and signed updates to the Singapore-Australia Free Trade Agreement on 13 October 2016.

The new global anti-bribery standard – how will your company measure up?

After several years of development, involving input from over 50 countries, the International Organisation for Standardisation (ISO) has finally published ISO 37001: Anti-Bribery Management Systems Standard - a new international standard designed to assist organisations worldwide in implementing and maintaining effective anti-bribery systems.

KYC headaches eased – Australian Government broadens KYC methods under the Anti-Money Laundering and...

On 11 September 2016, the Australian Government introduced the Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2016 (No. 1).

Australia: New laws to introduce “effects test” for misuse of market power

On 5 September 2016, the Australian Government released for consultation exposure draft legislation which would inter alia introduce an "effects test" into the prohibition against misuse of market power.

2016 Global Overview of Anti-Bribery Laws Handbook released

Baker & McKenzie released the 2016 edition of its Global Overview of Anti-Bribery Handbook. You can read the Handbook for free on Global Compliance News.

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