The Reserve Bank of Australia warned on Monday that rising retirement withdrawals and liquidity demands could test the superannuation sector's ability to stabilise financial markets during future shocks.
The Reserve Bank of Australia warned on Monday that rising retirement withdrawals and liquidity demands could test the superannuation sector's ability to stabilise financial markets during future shocks.
The Supreme Court of New South Wales has ordered the company that bought bankrupt publican Jon Adgemis' former Bondi Beach hotel to pay Vantage Point Asset Management Special Opportunities $6 million in damages for breaching a commitment to hand over a GST refund.
Federal Court of Australia Justice Michael Lee said he hopes and expects AI to transform expert evidence so human experts are less prominent in the "expensive middle" of cases in a bid to cut the costs of complex litigation.
The Australian Prudential Regulation Authority has given superannuation funds an extra two months to submit asset-allocation data after industry groups raised concerns about tight implementation deadlines, according to its consultation response released Tuesday.
Australia's financial advisers' peak body has called for mandatory ASIC registration of all managed investment schemes, including wholesale funds, to help reduce the risk of collapses like Shield and First Guardian.
Australia's corporate regulator is seeking leave to appeal a ruling clearing three former Rex directors of duty breaches over its 2023 profit forecast, days after securing a four-year management ban and $800,000 penalty against its former chairman.
Data centre specialist AirTrunk has secured a $4.25 billion loan to fund its data centre development in western Sydney, with Mallesons acting as AirTrunk's counsel and Gilbert & Tobin supporting the lenders including 32 local and international financial institutions, according to a statement on Tuesday.
Former Maddocks' senior associate Madison Davies and former Herbert Smith Freehills Kramer executive counsel Timana Hattam have joined Young's List, the law firm announced on Monday.
While private equity structures such as novel break fees and warranty and indemnity protections are now increasingly used in public mergers and acquisitions, these risk allocation mechanisms need to be adapted to succeed in regulated public equity transactions, says Andrew Gaffney at K&L Gates.
