imaclegal, Author at imac legal & compliance


1st Floor.

Like politicians, the prospect of completely re-written financial services laws promises so much. But will the proposed re-write

imaclegal April 12, 2021 0 Comment

If cybersecurity hasn’t shot up towards the top of the list of identified risks in your financial services

imaclegal March 30, 2021 0 Comment

It should be such an easy thing to do – after all, it’s what financial advisers get paid

imaclegal March 8, 2021 0 Comment

Download a PDF of our latest Regulatory Wrap here. Summary: Westpac Loses Personal Advice Case Privacy Breaches FDS

imaclegal September 18, 2020 0 Comment

INSIGHT LINES how to nail advice reviews   We have, over the years, reviewed thousands of advice files.

5 tips to improve your business post Royal Commission. We have avoided making comment on the Banking and

imaclegal February 21, 2018 0 Comment

Advice businesses will feel the effects of proposed new product design, distribution and intervention laws that were introduced

imaclegal October 10, 2017 1 Comment

It's not easy for a financial services provider to be independent these days. And even more difficult after

Everyone seems to be talking about goals-based advice at the moment. In this article we put together for No

imaclegal April 25, 2017 0 Comment

The race to the first post-FOFA ‘best interests’ case has been run and won, with ASIC taking the

imaclegal January 13, 2017 0 Comment

As you are undoubtedly aware, the government introduced new Life Insurance Framework (we’ll refer to it as LIF

imaclegal September 12, 2016 1 Comment

The recent Storm Financial case is a rare opportunity for us to see how the Courts interpret the

imaclegal June 20, 2016 0 Comment

A growing number of advisers are starting to consider and recommend peer-to-peer (P2P) lending as an investment solution

Confused about where the financial services changes such as FOFA, LIF, etc are at now that parliament has

imaclegal April 21, 2016 1 Comment

Sweeping ASIC reforms and other regulatory changes affecting the financial services sector were announced by the Treasurer and

imaclegal April 8, 2016 1 Comment

The long-awaited Life Insurance Framework (LIF) regulations have been released in draft form and are a mixed bag

imaclegal February 9, 2016 0 Comment

As a financial services lawyer, I understand the trepidation some feel regarding Fintech. But as one who has

imaclegal February 3, 2016 0 Comment

So, now that we are into the ‘season proper’ of 2016, what regulatory changes will financial services businesses

imaclegal January 8, 2016 2 Comments

So, you’ve seen the surprise announcement that several unexpected changes were made to the previously rejected FOFA rules

imaclegal November 13, 2015 2 Comments

What the Life Insurance Framework means for your advice business and compliance arrangements. The government announced its intended

imaclegal October 21, 2015 1 Comment

The government, in its official Response, has adopted all but one of the recommendations made by the Financial

imaclegal September 29, 2015 0 Comment

imac legal has been test driving Twitter for the last couple of days to make sure we don't

imaclegal September 4, 2015 2 Comments

Discussion: should Board meetings be recorded. If you have been following the business news in any of the

imaclegal September 2, 2015 0 Comment

Regulatory Wrap - 2 September 2015. In this update we cover: User Pays funding model proposed for ASIC;

imaclegal September 1, 2015 0 Comment

As we mentioned in our update of 2 July, new laws regulating Powers of Attorney in Victoria come

imaclegal August 20, 2015 0 Comment

Financial service lawyers and compliance consultants, imac legal & compliance, have moved into new city digs. We are

imaclegal August 17, 2015 0 Comment

Here’s a roundup of important developments that have happened in your world in the last month or so,

imaclegal July 28, 2015 1 Comment

While electronic disclosure (e.g. for FSGs, PDSs, periodic statements) has always been possible under the Corporations Act, unclear

If your business uses Powers of Attorney in Victoria (e.g. financial services businesses could use them for MDAs

imaclegal June 30, 2015 0 Comment

The Assistant Treasurer, The Hon Josh Frydenberg MP, has announced that an anomaly in the income tax law

imaclegal June 26, 2015 0 Comment

Draft legislation proposed by Treasury includes material governance changes for superannuation funds. The main changes proposed are: all

imaclegal June 25, 2015 0 Comment

The winds of change continue to blow in the financial services sector with the Assistant Treasurer, The Hon

imaclegal June 22, 2015 0 Comment

So, you have a great idea for a promotional competition that will really appeal to your clients and

imaclegal June 19, 2015 0 Comment

Life just got a tiny bit easier for businesses wanting to change auditors. ASIC has released an updated

imaclegal June 18, 2015 0 Comment

Macquarie’s recent refunding of $5.5M to clients holds important lessons for SMEs.  You have probably read that Macquarie

imaclegal June 16, 2015 0 Comment

One of Australia’s biggest wealth management names has been fined for misleading statements in two online ads. The

imaclegal June 15, 2015 0 Comment

Amendments to AML/CTF customer i.d. rules touted.  AUSTRAC has released draft AML/CTF rules for comment. In a nutshell,

imaclegal June 15, 2015 0 Comment

Opt-in renewal notices. New obligations from 1 July 2015 A last minute reminder for financial services licensees (and


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