FINANCIAL SERVICES DIVISION REGULATORY UPDATE

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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 […]

MADISON MARCUS X BUILDING COMMISSIONER PANEL WEBINAR

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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 […]

NSW COVID-19 lockdown extension: Changes for construction – what you need to know

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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

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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 […]

THE COVID-19 IMPACT ON PLANNING AND DEVELOPMENT IN NSW

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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.