Australia: SVC risk and regulation

The Australian Transaction Reports and Analysis Centre (‘AUSTRAC’) has recently published its first ‘Money Laundering and Terrorism Financing Risk Assessment: Stored Value Cards’ (‘SVC Assessment’), which analyses the potential of stored value cards (‘SVCs’) to be used for money laundering or terrorism financing (‘ML/TF’) purposes. HWL Ebsworth Partner, Michael Anastas and Trainee Solicitor Elizabeth Singleton … Read more

Gig economy no safe haven against employment laws

The South Australian Employment Tribunal (Tribunal) has held that an Uber driver was in an employment relationship with the Company that provided him with his vehicle. In taking the common law approach to the ‘gig economy’ relationship, the Tribunal considered the following factors supported a finding that an employment relationship existed: The Company provided the … Read more

Queensland’s first conversion application heard in the Planning and Environment Court

Under the former Sustainable Planning Act 2009 (Qld) (SPA), and the current Planning Act 2016 (Qld) (PA), developers may apply to a local government to convert non-trunk infrastructure to trunk infrastructure.  Until last week, this new area of the law had been untested. A recent decision of her Honour Judge Kefford in The Avenues Highfields … Read more

Energy update – Victorian embedded networks

The Victorian Government has today released its final determination on exemptions for embedded networks, with the intention that there will be a new exemption order issued replacing the previous “General Exemption” order in council applicable to Victorian embedded networks and on-selling. The final paper contemplates adopting multiple “deemed / registrable / individual” classes along the … Read more

Eliminating unfair contract terms in small business lending contracts

The Australian Securities and Investments Commission (ASIC) and the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) has issued a joint media release (accessible here) welcoming the changes agreed to by the big four banks to eliminate unfair contract terms in small business lending contracts. The changes will be applied by the big four banks … Read more