Bright Law provides financial services regulatory compliance and training services and, through Bright Corporate Law, legal services. We provide our clients with confidence to manage regulatory risks through guidance, insight, advice and training.
ASIC has published REP 806 Taking ownership of death benefits: How trustees can deliver outcomes Australians deserve.
The report provides detailed observations from ASIC’s review of the death benefit claims handling practices of 10 superannuation trustees. It identifies better…
The ACCC has issued a draft determination proposing to authorise, with conditions, the Australian Banking Association’s member banks to make agreements relating to basic accounts and default interest charges on agricultural loans under the Banking Code of Practice.
The proposed…
Treasury has published the draft Competition and Consumer (Notification of Acquisitions) Determination 2025 outlining the proposed notification thresholds that trigger a requirement to notify the ACCC of a proposed acquisition under the new merger regime established by the Treasury Laws…
ASIC has published Regulatory Guide 280 Sustainability Reporting, which provides guidance on ASIC’s role in administering the requirements for climate-related financial disclosures under the Corporations Act.
The guide discusses who must prepare sustainability reports, the content required, the interaction…
The Government has released a Statement outlining the Government’s approach to extending existing financial services laws to key digital asset platforms. Background.
The Statement says that the four primary elements of Australia’s approach to digital asset reforms are:
…
Treasury has issued a Discussion paper, prepared in conjunction with the Australian Prudential Regulation Authority (APRA), on the proposed financial institutions’ supervisory levies for the 2025–26 financial year for ADI’s (large and small banks as well as building societies,…
While the ePayments Code sets out the responsibility of a receiving bank of a mistaken internet payment, it does not apply to scams.
The Assistant Treasurer and Minister for Financial Services announced before the election was called that he had…
ASIC has published ASIC Corporations (31-day Notice Term Deposits) Instrument 2025/172 to extend relief for 31-day notice term deposits, with amendments to pre and post-maturity notice requirements.
The Instrument provides conditional relief so that 31-day notice term deposits of up…
ASIC has published further guidance on virtual meetings for companies by updating some frequently asked questions on its website.
The guidance sets out ASIC’s expectation that entities using virtual meeting technology will ensure members have equivalent opportunities to participate in…
The 2025 federal election will be held on 3 May.
As the 47th Parliament will not sit again, the Bills currently before Parliament have lapsed and will not proceed unless reintroduced in the next Parliament.
These include the Treasury Laws…
