The Australian Law Reform Commission report, Financial Services Legislation: Interim Report B (Report 139, 2022), has been released.
Interim Report B contains recommendations, proposals, and questions in relation to the reform of corporations and financial services legislation. The recommendations in Interim Report B relate to technical improvements that would simplify corporations and financial services legislation.
Treasury has already released for comment draft legislation to reduce the identified complexity of financial services regulation in relation to definitions.
The draft amendments to the Corporations Act and the ASIC Act implement recommendations from the Australian Law Reform Commission’s Interim Report A of its Review of the Legislative Framework for Corporations and Financial Services Regulation.
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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.
