Media

Scrap Chapter Seven of Corporations Act

Financial services lawyer and principal of imac legal & compliance, Ian McDermott, said the regulators should scrap Chapter Seven of the Corporations Act (the main financial services provisions) and start again.

Mr McDermott cited two main issues with the current legislation – some structural problems and complexity.  On the structural problems, Mr McDermott said “While I support the move

Read the full article in Professional Planner

imac legal

Share
Published by
imac legal

Recent Posts

Simplifying the financial services laws – pipe dream or reality?

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

3 years ago

Cyber crime – coming to a financial services business near you

If cybersecurity hasn’t shot up towards the top of the list of identified risks in…

4 years ago

SOA Myths and Mistakes

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

4 years ago

Regulatory Wrap – March 2021

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

4 years ago

Regulatory Wrap – September 2020

INSIGHT LINES how to nail advice reviews   We have, over the years, reviewed thousands…

4 years ago

Financial Services Lawyer Position Available

The Role: Financial services lawyer (plus compliance consulting) Permanent part-time (min. 0.6 FTE) or FULLTIME…

5 years ago