Licensee obligations ‘obscured’ by red tape
Licensee obligations ‘obscured’ by red tape
The government body charged with reviewing the financial services legal system has pointed to “skyrocketing” complexity in the
Corporations Act since it was first introduced, revealing the act is so long it now accounts for 4 per cent of all federal laws in Australia.
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In an industry webinar on Monday, Australian Law Reform Commission legal officer Nicholas Simoes da Silva said in the two decades since the
Corporations Act had been introduced, it had increased in size by around 60 per cent and been amended more than 100 times.
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I used to weigh up the amount of energy it would take to explain to someone my bloodline or which side of my family was Aboriginal, before telling them my nationality. An identity crisis was bound to happen.
I felt that telling people I am Aboriginal was a constant battle, and more often than not, I ended up jumping into defence mode when people looked at me in disbelief. I found myself using the detrimental words: “I’m only half”. Telling people I am Aboriginal was a constant battle. Image: Supplied.
Treasurer Josh Frydenberg (source: Twitter)
The Australian Securities and Investment Commission has had its budget reduced by over seven per cent and will be asked to shed a corresponding ten per cent of its staff as a raft of changes to its job suite begin to shift the regulator’s purview.
While the money flowed as part of a budget aimed at securing Australia’s recovery, ASIC’s budget will drop from $772 million to $717 million in 2021-22, while its staff will drop from 2,096 to 1,878.
Ostensibly, the cutbacks are a natural follow-on from the government’s 2020 Budget Digital Business Plan, which will see ASIC’s business registration function transferred to the new Australian Business Registry Services (ABRS) under the Australian Tax Office.
Adelle Neary is Australia’s next consul-general in Chengdu, and replaces
Christopher Lim. Neary is a career officer with DFAT, and has previously served overseas in Vientiane and Jakarta. In Canberra she has undertaken work associated with the MH17 flight disaster as well as contributing to the work of the Foreign Policy White Paper Taskforce. She has also served as an adviser, international division, within the Department of the Prime Minister and Cabinet.
Visitor economy expert panel
Former federal tourism minister
Martin Ferguson has been appointed to lead the new Reimagining the Visitor Economy Expert Panel over the next six months.