News

At Assured, we like to share our team and firm news, as well as interesting industry updates with our people. Below is a selection of our most recent features (to see all of them, click here). We invite you to follow us on LinkedIn to see what we’re all up to.

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Directors appointed on or before 31 October 2021 are now required to apply for a director ID number by 14 December 2022 or they may otherwise be faced with an infringement notice, civil and/or criminal prosecution.

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As petrol prices climb (a consequence of the current political climate), it seems timely we turn our attention to the recent Full Federal Court decision concerning the “exploration” of petroleum.

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The High Court of Australia (HCA) has turned its focus to the employee / independent contractor dichotomy; placing renewed emphasis on the terms of the contract governing the relations between parties.

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MyCryptoWallet’s chief executive appoints liquidators: for crypto consumers, one of many areas of risk associated with cryptocurrency is becoming unsecured creditors in the event of insolvency. Unlike banks, cryptocurrency exchanges operate in a space free of regulation.

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ASIC has announced that directors of companies will need a director identification number, or director ID. Why? To help to prevent the use of false or fraudulent director identities and help external administrators track the activities of the director over time.

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On 26 August 2021, the Australian Securities and Investments Commission (ASIC) released its ‘Corporate Plan 2021-25’. In it, ASIC outlined how it would achieve a ‘fair, strong and efficient financial system for all Australians’.

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From 11 October 2021, two significant changes to property legislation in NSW will be implemented - paper dealings will no longer be accepted for lodgement, everything must be lodged electronically and all certificates of title (CTs) will be cancelled and no longer issued.

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Electronic execution of documents, including 'split-execution', is once again permitted under section 127 of the Corporations Act 2001 (Cth), albeit only until 1 April 2022.

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On 11 June 2021, the Australian Investments and Securities Commission (ASIC) announced an extension of the transitional period of relief currently in effect for foreign financial service providers (FFSPs) for a further 12 months, set to expire 31 March 2023.

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The Design and Buildings Practitioners Act 2020 and Regulation 2021 (NSW) impose a duty of care on builders, developers and engineers to avoid economic loss caused by defects in the design and construction of buildings.

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Not sure if you qualify for an Australian Securities Exchange (ASX) listing? To help you, we've put together a guide that explains the main requirements.

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The Australian government has announced a proposed new stimulus package for the next stage of the Covid-19 National Economic Recovery Plan, valued at $1.2 billion. One part of that plan is to expand and extend the SME Loan Guarantee Scheme.

In the News

We may be small and newish, but we have not gone unnoticed! Below is a list of our mentions in the press: