All Articles tagged with 'Simon Carrodus'

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Ready or not: How to prepare your organisation for a data breach

From Hamilton Locke

Cyber-attacks and other data breaches are, unfortunately, inevitable. But there are key steps every organisation should take to prepare for when the inevitable happens. Responding to a significant cyber incident

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22 Nov 2022

“Have you tried turning it off and on again?” – A review of the decision in ASIC V Ri Ad

From The Fold Legal

On 5 May 2021, the Federal Court handed down a landmark decision in Australian Securities and Investments Commission v RI Advice Group Pty Ltd (2022) FCA 496 by declaring that

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25 May 2022

Who watches The Watchmen? We do – a review of the ASIC Enforcement Update

From The Fold Legal

On 28 March 2022 the Australian Securities and Investments Commission (ASIC) released Report 722 ‘ASIC Enforcement Update July to December 2021’ (Report 722). In this article, we: review the key

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06 May 2022

Financial Services and Credit Panel – with great power comes great responsibility

From The Fold Legal

ASIC has released a consultation paper[1] on what matters should be heard by the Financial Services and Credit Panel and how it will assess an adviser as a fit and proper person.

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23 Mar 2022

Who Would Be An AFSL? – The Court’s Review Of Section 961L

From The Fold Legal

On 2 August 2021, the Federal Court handed down its decision in the matter of Australian Securities and Investments Commission v RI Advice Group Pty Ltd (No 2) (2021) FCA 877. Background

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18 Mar 2022

A winter change is coming – fee consent and lack of independence

From The Fold Legal

Courtesy of the latest round of Royal Commission legislation[1], from 1 July 2021 financial advice firms need to update their Financial Services Guides (FSGs), Ongoing Service Agreements and Financial Disclosure Statements (FDSs). The

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04 Jun 2021

Breach reporting is about to become more onerous

From The Fold Legal

A new breach reporting regime will commence on 1 October 2021 and it will be more onerous on licensees than ever before. One of the most notable changes is that

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06 Apr 2021

History repeats – The risks of inadequate due diligence

From The Fold Legal

Exposure to historical non-compliance can be fatal for purchasers but many don’t include it in their due diligence. ASIC is on the warpath and you can be liable even if

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24 Jul 2020

How Covid-19 has affected reforms to wealth businesses

From The Fold Legal

With the ongoing COVID-19 pandemic, it’s fair to say that regulators and businesses have shifted their priorities. Timelines for legislative reforms driven by the Hayne Royal Commission and licence applications

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28 May 2020

FASEA Code of Ethics – what you need to know

From The Fold Legal

We’re well into 2020 and the FASEA Code of Ethics (the Code) is currently in force. What should advisers and licensees be doing to make sure they comply with the Code?

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24 Feb 2020

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CPD: The Two-Chapter retirement – a framework for understanding retiree psychology
Introduction Why do financially secure retirees still hesitate to spend, or commit to strategies that would clearly improve their outcomes? This article sets out the Two-Chapter Retirement framework, a new [...]
CPD: China’s next phase – what persistent supply-side growth means for global markets
China’s economic trajectory is shifting, but not in the way many had once expected. Consumption-led rebalancing has not materialised. Instead, economic policy continues to emphasise industrial modernisation, aligned with a [...]
CPD: Ethics and client best interests
In financial advice, acting in a client’s best interest isn’t just a regulatory rule, it’s the foundation of a trusting, successful partnership. This article, proudly sponsored by GSFM, examines the [...]
CPD: Capitalising on global growth in the decarbonisation era
Few themes rival the scale, urgency and long-term significance of climate change. Consequently, regions, countries, companies and individuals are taking positive action to decarbonise the planet and work toward net [...]
CPD: Decoding the compliance signals within AFCA’s Lead Decisions
Introduction In February 2026, the Australian Financial Complaints Authority (AFCA), reached a significant milestone when it issued its 1,000th Dixon Advisory determination[1]. Up until that point, this represented the single [...]