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Financial Services » Finance Sector Reform & Regulation
Widespread reforms in the financial services industry include refinements to the “financial services reform” regime, consumer credit and margin lending reforms, new anti-money laundering laws, personal property securities reforms, the Future of Financial Advice reforms, the implications of the Cooper Review, regulatory capital requirements in the non-banking sector, and tax reforms that impact on the funds management industry.
Our lawyers help clients navigate the myriad of regulatory reforms that impact their business, and work closely with key regulators including APRA, ASIC, ACCC and ATO.
Our Experience
Port Botany and Port Kembla
Corrs advised a member of the NSW Ports Consortium in successfully bidding for the 99-year lease of Port Botany and Port Kembla from the NSW State Government. The ports were leased to the NSW Ports Consortium for $5.07 billion with an annual lease payment of $5 million.
Our Thinking
Islamic finance in Australia Part 3 - What’s stopping Islamic finance flourishing down under and what must be done
Apathy and a lack of understanding are stopping Australia rising to become an important Islamic finance hub in Asia Pacific.
More
Islamic finance in Australia Part 2 - Islamic finance opportunities Down Under
This is the second instalment in a series of articles looking at Islamic finance as an emerging opportunity on the Australian financial services landscape.
More
A win for common sense not a blow to continuous disclosure but perhaps its time for a new way forward...
The Fortescue decision throws doubt on whether ASIC is the right body to make decisions about continuous disclosure.
More
Islamic finance in Australia Part 1 - Introducing Islamic finance
This paper introduces Islamic finance and the key structures and concepts on which it is established.
More
If Asia is the new Britain, we need a new passport
Australia’s proposed Asia Region Funds Management Passport seeks to ease current regulatory differences relating to the sale of financial products between Australia and Asia.
More
Is it time for Australia to rethink its approach to financial restructurings?
As a result of the willingness of local lenders to sell debt in the secondary market there has been increased participation from off-shore lenders keen to utilise foreign restructuring techniques in Australia. How should local lenders respond?
MoreOur Experience
Port Botany and Port Kembla
Corrs advised a member of the NSW Ports Consortium in successfully bidding for the 99-year lease of Port Botany and Port Kembla from the NSW State Government. The ports were leased to the NSW Ports Consortium for $5.07 billion with an annual lease payment of $5 million.
The assets represent two of Australia’s largest ports and are both essential to the primary import and export gateways to NSW. Port Botany is vital to the economy of Sydney and NSW as the only large-scale container handling facility. Port Kembla serves as a key export facility for coal and other bulk products and is Australia’s largest vehicle import facility.
Our Thinking
Islamic finance in Australia Part 1 - Introducing Islamic finance
This paper introduces Islamic finance and the key structures and concepts on which it is established.
Is it time for Australia to rethink its approach to financial restructurings?
As a result of the willingness of local lenders to sell debt in the secondary market there has been increased participation from off-shore lenders keen to utilise foreign restructuring techniques in Australia. How should local lenders respond?
If Asia is the new Britain, we need a new passport
Australia’s proposed Asia Region Funds Management Passport seeks to ease current regulatory differences relating to the sale of financial products between Australia and Asia.
The future of financial advice (FOFA) reforms
The Future of Financial Advice (FOFA) reforms focus on the framework for the proper provision of financial advice.
Islamic finance in Australia Part 2 - Islamic finance opportunities Down Under
This is the second instalment in a series of articles looking at Islamic finance as an emerging opportunity on the Australian financial services landscape.
A win for common sense not a blow to continuous disclosure but perhaps its time for a new way forward...
The Fortescue decision throws doubt on whether ASIC is the right body to make decisions about continuous disclosure.
Islamic finance in Australia Part 3 - What’s stopping Islamic finance flourishing down under and what must be done
Apathy and a lack of understanding are stopping Australia rising to become an important Islamic finance hub in Asia Pacific.
Our Experts
Christine Maher
Partner Brisbane +61 7 3228 9413
Joanne Dwyer
Special Counsel Brisbane +61 7 3228 9375
Megan O'Rourke
Partner Perth +61 8 9460 1712