Insights

Cyber Risk Management

By the end of the year a mandatory data breach notification scheme will be introduced in Australia. The metadata of many organisations is commercially sensitive and poses both security and privacy issues if this information falls into the hands of cyber pirates. ASIC has issued a major cyber resilience report. A cyber attack occurs when…

Shareholder class actions

In legal terminology a tort is a harmful act, other than a breach of contract, which gives the victim the right to sue for compensation or another remedy. Some examples of torts are defamation, trespass, passing off and negligence. Tort law provides a remedy for any person harmed by an act or a failure to…

Consumer Law – Responsible Lending

CONSUMER LAW – RESPONSIBLE LENDING Credit licensees must comply with the responsible lending conduct obligations in Chapter 3 of the National Consumer Credit Protection Act 2009 (National Credit Act). Importantly, the rules in this part of the Act apply to licensees that provide credit assistance in relation to credit contracts, as well as to the…