Super Alert – 16 August 2019

This week’s Super Alert reports on ASIC’s draft whistleblower policy guidance and the ATO’s update in relation to regulatory changes announced in the Federal Budget. ASIC releases draft whistleblower policy guidance On 7 August 2019, ASIC released a consultation paper and draft regulatory guide in relation to “proposed guidance for entities that must have a … Read more

Legal issues raised by machine learning systems

A version of this article first appeared in the Law Society of South Australia Bulletin. Artificial intelligence is a broad concept, used to describe any techniques whereby machines are imparted with some sort of human intelligence. Many recent developments in AI have focussed on a particular field known as ‘machine learning’, where systems evolve as … Read more

Utilising testamentary trusts

Testamentary trusts are an effective tool utilised for greater asset protection and certain tax benefits. This article will provide an insight into what a testamentary trust is, their benefits and the important things to consider when appointing a trustee. What is a testamentary trust and how do they operate? A trust is a relationship in … Read more

Big Warehouse fined under the Australian Consumer Law for misleading retail practices

Misleading refund policies and contraventions of the Australian Consumer Law1 relating to the supply of goods are again in the spotlight as online spare parts retailer Big Warehouse Pty Ltd (Big Warehouse) gives undertakings to the Australian Competition and Consumer Commission (ACCC). This article discusses the retail practices which caught the attention of the ACCC. … Read more

Super Alert – 9 August 2019

This week’s Super Alert considers news releases from APRA and the Treasurer in relation to their post-Royal Commission activities, and an update from the ATO about compassionate release letters. APRA updates status of progress with Royal Commission recommendations On 7 August 2019, APRA released a six-month update in relation to the status of the Royal … Read more