Legal Insights
AML/CTF Series: AUSTRAC Releases Core Guidance
As covered in our previous article series (link), amendments to the Anti Money Laundering and Counter Terrorism Financing Act 2006 (Cth), extending anti money laundering (AML) and counter terror financing (CTF) obligations to additional professional service sectors, will take effect from the 1 July 2026.
Key Changes to the Franchising Code
There have been some important changes to the Competition and Consumer (Industry Codes-Franchising) Regulations 2024. These changes will come into effect on 1 April 2025 and have the potential to impact the way franchises operate. As a result, it’s important that both franchisees and franchisors are aware of their new obligations and rights.
Federal Government releases draft reforms to the unfair contract terms regime
The Federal Government has unveiled an exposure draft of the Treasury Laws Amendment (Measures for a later sitting) Bill 2021: Unfair contract term reforms (Exposure Draft) which seeks to amend the Australian Consumer Law (ACL) to improve the unfair contract terms (UCT) regime.
Victorian State Budget – What You Need To Know
The Victorian State Government last week released its 2021-2022 Budget. Although aimed at a broad cross-section of the State, the Budget’s revenue raising measures primarily targeted landowners, property developers and gender exclusive clubs.