Philip J. Hopley

Oct 28, 2024 | hallandwilcox.com.au | Vince Battaglia |Philip J. Hopley

ASIC announces extended relief for employee redundancy fundsOn 30 September, ASIC announced it has extended existing relief granted to operators and promoters of employee redundancy funds from the AFS licensing and managed investment provisions of the Corporations Act, which was due to expire on 1 October, to facilitate further consultation by ASIC on the framework for the regulation of these funds.

Sep 11, 2023 | lexology.com | Philip J. Hopley |David Chew |Alison Choy Flannigan |Adrian Verdnik |Peter Jones |Chris Sacré

Significant changes to the existing unfair contract terms (UCT) regime take effect on 9 November 2023. These changes will broaden the scope of financial products captured by the regime and introduce significant civil penalties (up to $780 million for corporations).

Sep 10, 2023 | hallandwilcox.com.au | Philip J. Hopley

By Philip HopleySignificant changes to the existing unfair contract terms (UCT) regime take effect on 9 November 2023. These changes will broaden the scope of financial products captured by the regime and introduce significant civil penalties (up to $780 million for corporations).

Aug 23, 2023 | hallandwilcox.com.au | Philip J. Hopley

By Philip HopleyThe Federal Court of Australia has made significant changes to the process for insurance scheme transfers of general and life insurance portfolios. These changes involve taking a simpler, streamlined approach to the evidence required for confirmation hearings. They mark the most significant procedural developments to the regimes under the Insurance Act 1973 (Cth) and Life Insurance Act 1995 (Cth) in over 20 years.

Aug 23, 2023 | lexology.com | Philip J. Hopley

The Federal Court of Australia has made significant changes to the process for insurance scheme transfers of general and life insurance portfolios. These changes involve taking a simpler, streamlined approach to the evidence required for confirmation hearings. They mark the most significant procedural developments to the regimes under the Insurance Act 1973 (Cth) and Life Insurance Act 1995 (Cth) in over 20 years.