JANUARY 2022 PART 1 – REGULATORY REFORM ASIC 1. CRYPTO ASSETS ASIC released Information paper 225 in August 2021 that details ASIC’s intention to update authorisation for Responsible Entities of a registered crypto scheme in the retail space and to begin to regulate this area. In addition to registered (retail) schemes, if the issuer of […]
The Building Commissioner’s powers are extensive and are broadening under changes to the governing legislation. Many builders and developers have already experienced a vigorous audit process after receiving Prohibition Orders. The audit process and dealing with draft or final orders can be a stressful and expensive exercise. Avoiding the issue of a Prohibition Order or dealing […]
While the COVID-19 situation in Sydney remains challenging, in welcome news, construction can resume on Saturday 31 July in Greater Sydney (including the Central Coast, Blue Mountains, Wollongong and Shellharbour). In further good news for the industry, worksites will be permitted to operate on Sundays and public holidays, up until Christmas, to allow businesses to […]
BREAKING NEWS: SIGNIFICANT BUILDING INDUSTRY CHANGES TO COME AS NSW PARLIAMENT RELEASES FINAL REPORT
NSW Parliament releases “Regulation of building standards, building quality and building disputes” final report. The final report of the Public Accountability Committee, “Regulation of building standards, building quality and building disputes” was tabled by NSW Parliament on 30 April 2020. The report and its 22 significant recommendations are being considered by the government which must […]
New regulations have been enacted to reduce face-to-face contact and make it easier for people to stay home and reduce physical interactions while, still completing important transactions during the COVID-19 pandemic.
Temporary changes to Australia’s Foreign Investment Framework have been enacted by the Federal Government, effective from 29 March 2020.
The NSW Minister for Planning and Public Spaces, Rob Stokes, has recently issued a number of Ministerial Orders in response to COVID-19 which effects the way planning and development will occur in NSW for the foreseeable future.
On 1 March 2020, Victoria’s new Guardianship and Administration Act 2019 (Vic) came into operation, repealing and replacing the Guardianship and Administration Act 1986 (Vic).