ASIC has commenced proceedings against RI Advice Group Pty Ltd in the Federal Court of Australia for alleged failure to have adequate cyber security systems in place. This marks the first time that ASIC have instituted proceedings of this kind recognising the importance of cyber security as well as the continued spotlight on financial services [...]
Australian businesses have no-doubt benefited from the convenience afforded by temporary changes to the Corporations Act allowing virtual meetings and e-signing of documents during the pandemic. Unfortunately, these temporary measures are set to expire in March 2021 (unless they are extended). A recent submission to Treasury by the Governance Institute of Australian (GIA) has argued that [...]
The Australian government’s response to the COVID-19 pandemic incorporated several changes to insolvency legislation. In short, financially distressed businesses were given temporary relief with increases to the threshold at which creditors can issue a statutory demand (along with a significant extension of time to respond to a statutory demand), as well as relief from directors’ [...]
Working from home presents a wide variety of challenges for business owners and directors, particularly when decision making requires a number of directors to come together. In dynamic and evolving commercial landscapes such as that being faced presently, ensuring you have an effective and efficient mode of progressing board decision making is essential. The Australian [...]
