Insider Trading Compliance Training
Stamp Out Insider Trading With Thorough Employee Training Knowledge is power. Knowledge that no one else possesses is very powerful indeed. Broadly speaking, insider trading is the use of that exclusive knowledge to benefit oneself at the expense of others. And it’s not restricted to corporate high flyers, epitomised by Gordon Gekko in the movie […]
Managing Risks to Your Business Reputation
Over the last few years, organisations have begun to realise that their reputation, far from being some intangible, unquantifiable element of their business, is actually one of their biggest assets. A good reputation ensures the confidence and trust of all the stakeholders in the business such as customers, suppliers, investors, regulators and employees. This confidence […]
Contract Management: Are Your Contracts Compliant?
A contract is a legally binding agreement entered into by two or more parties, which contains three basic components: Agreement (offer and acceptance) Consideration (exchange of goods or services) Intention (agreement to be legally bound). Businesses enter into a variety of contracts all the time with suppliers, customers, insurers, landlords, financiers, partners, employees and so […]
Is Your Organisation Complying With The NCCP?
If you’re in the business of lending money for personal use, then you have a range of obligations under the National Consumer Credit Protection Act. The NCCP is a nationally consistent legislation that is designed to protect consumers and ensure the finance and credit industries operate in an ethical manner, according to professional standards. Its […]
Debt Collectors: Do You Know Your Legal Obligations?
Debt collectors have a range of obligations under the Competition and Consumer Act, the Australian Securities and Investments Commission Act, and the Office of Fair Trading in each Australian state or territory. ASIC and the ACCC are the regulatory bodies that monitor the debt collection industry and ensure that debt collectors are complying with the […]
Understanding the General Insurance Code of Practice
If you’re in the general insurance industry, you are probably already part of the 90% who are signatories to the General Insurance Code of Practice, A voluntary code developed by the Insurance Council of Australia, it seeks to raise standards of customer service and provide protection for policyholders. One of the requirements of the code […]
Know your obligations as a responsible manager
What does an organisation need to have an AFS licence? In order to hold an Australian Financial Services licence, an organisation is required by ASIC to nominate a Responsible Manager. This is the person who is responsible for your organisational competence. What are the obligations of a Responsible Manager? If you have been nominated by […]
Private Health Insurers: Do Your Employees Know the Code?
Much like the general insurance industry, private health insurers have their own voluntary code called the Private Health Insurance Code of Conduct. It was developed by the Australian Health Insurance Association (AHIA) in conjunction with industry stakeholders, with the aim of enhancing the relationship between health funds and consumers. Nearly all of today’s private health insurers […]
The ACCC Tackles Cartel Conduct
Cartel behaviour is not the most widely discussed area of competition and consumer law (CCL), and according to research by University of Melbourne it is largely misunderstood by people operating in the business sector. However, cartels cause significant damage to the markets in which they operate. By participating in anti-competitive conduct, cartels drive prices higher, […]