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Member Articles


FAR-GO!!!! The Financial Accountability Regime Finally Passes in Parliament

On 5 September 2023, the Financial Accountability Regime Bill 2023 (Bill) was finally passed by both Houses of Parliament, meaning that the long-awaited Financial Accountability Regime (FAR) is poised to become Australia ...

Down Under Digital Asset Regulation? Senate Report Sinks a Proposed Approach

Australia’s journey towards digital asset regulation has had hops forward and slips back, with a brief recap including: In 2018, an early hop on the world with one of the first AML/CTF laws applying to centralised e ...

‘Your Future, Your Super’: APRA’s Superannuation Performance Test Turns a Spotlight on Poor Performance and High Fees Amongst Choice Products

The annual superannuation performance test has shone a light on poor performance in the MySuper segment since its introduction in 2021. Now the Choice segment is under the spotlight as more than one in 10 trustee-directe ...

IRS Signs New Competent Authority Arrangements on NAFTA and the USMCA

U.S. taxpayers will continue to receive favorable treatment under the U.S. income tax treaties with Denmark, Luxembourg, Malta and Mexico. On July 31, 2023, the Internal Revenue Service (IRS) published competent authorit ...

Fair Go Mate! Penalties for Unfair Contract Terms Coming Soon

Introduction The Australian Competition & Consumer Commission (ACCC) has repeatedly highlighted the importance of unfair contract terms (UCT) provisions, as they ‘protect consumers and small businesses against ter ...

Construction Contracts: How Much Is Recoverable When Work Is Defective?

If a contractor fails to rectify defective work, the contractor will be exposed to ‘damages’ for breach of contract. How do you calculate the value of any ‘damages’? The value of damages for any contractual bre ...

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