Legal Insights

ASIC commences landmark proceedings against RI Advice Group Pty Ltd for inadequate cyber security

ASIC commences landmark proceedings against RI Advice Group Pty Ltd for inadequate cyber security

Following multiple cyber-attacks to financial service adviser RI Advice Group Pty Ltd (RI), the Australian Securities and Investments Commission commenced proceedings against RI alleging contravention of its obligations under the Corporations Act 2001 (Cth) (Corporations Act) for failure to have adequate cyber security systems as an Australian Financial Services licence holder.

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Charity & Not-for-Profit Webinar
Not For Profit Harwood Andrews Not For Profit Harwood Andrews

Charity & Not-for-Profit Webinar

Harwood Andrews was very pleased to host the Commissioner of the Australian Charities and Not-for-Profit Commission (ACNC), The Hon Dr. Gary Johns as our keynote speaker for our Charity & Not-for-Profit event, this year held as a live webinar.

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Sony ordered to pay $3.5 million for misrepresenting consumer rights

Sony ordered to pay $3.5 million for misrepresenting consumer rights

The Australian Competition and Consumer Commission (ACCC) has continued its rampage on the online marketplace industry in ACCC v Sony Interactive Entertainment Network Europe Ltd [2020] FCA 787, as it continues to vigilantly protect Australian consumers that purchase items online.

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COVID-19 Company Admin Update

COVID-19 Company Admin Update

Further to our article here where we wrote about the Australian Securities and Investments Commission’s (ASIC) guidance regarding annual general meetings and the COVID-19 pandemic, the Treasurer has released the Corporations (Coronavirus Economic Response) Determination (No 1) 2020 (Cth) (Determination), which commences on 6 May 2020 and will be automatically repealed on 5 September 2020.

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ASIC v King – Are you an “officer” of a company?

ASIC v King – Are you an “officer” of a company?

In this case, the High Court reiterated that a person can be deemed to be an “officer” of a company even if that person does not hold a position as a named ‘Director’ or ‘Secretary’.

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