Buy now pay later providers to hold Australian credit licences from 2025
If you engage in credit activities, you will generally be required…
ASIC sues Oak Capital alleging unconscionable conduct designed to avoid the National Credit Code
ASIC has commenced proceedings against Oak Capital (Oak Capital…
ASIC warns governance gap could emerge in first report on AI adoption by licensees
ASIC is urging financial services and credit licensees to ensure…
Funds management director ban affirmed on competence grounds
The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s…
ASIC calls on product issuers to review distribution practices for DDO compliance
ASIC is calling on product issuers to ensure distribution practices…
A GUIDE TO PUBLIC INVESTMENT FUNDS: Tax Treatment of Public Investment Funds in Australia
This is the final article in CNM Legal’s four-part series: A Guide to Public Investment Funds. The series provides an overview of registration, regulation, marketing and tax treatment of public investment funds in Australia. This article will discuss the topic of the tax treatment of public investment funds in Australia, focusing on the types of entities that can be public trusts and the tax treatment of those entities.
AFS licensee to cease providing independent expert reports on corporate transactions
ASIC has accepted a voluntary variation of the Australian financial…
ASIC wins case against Kraken crypto exchange operator for design and distribution failure
The Federal Court ruled Bit Trade Pty Ltd, the operator of the…
ASIC’s first greenwashing case results in landmark $11.3 million penalty for Mercer
In a landmark case for ASIC, the Federal Court has ordered Mercer…
A GUIDE TO PUBLIC INVESTMENT FUNDS: Marketing of Public Investment Funds in Australia
This is the third article in CNM Legal’s four-part series: A Guide to Public Investment Funds. The series provides an overview of registration, regulation, marketing and tax treatment of public investment funds in Australia. This article will discuss the marketing of public investment funds in Australia, focusing on the applicable regulatory frameworks, licensing requirements for marketing activities and the regulatory restrictions and requirements.