This 2019 guide provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations relating to fintech. Peter Reeves has authored the Australia chapter since the inaugural edition.
Doing business in Australia answers some of the most common questions an overseas investor may ask when establishing a business presence in Australia. It aims to provide an introduction to the laws of Australia for overseas legal practitioners.
The world’s first commercial drone delivery service has taken flight this month in Australia’s capital with the Civil Aviation Safety Authority (CASA) approving the drone delivery plans of Wing Aviation, a part of Google’s parent company Alphabet, following an 18-month trial.
The Australian government has announced its the ‘Whole-of-government Hosting Strategy’, which introduces a certification framework for data centres. Once implemented, it is envisaged that the hosting of Australian government classified data will only be permitted in data centres that meet certain certification requirements.
– the Australian government seeks to outlaw some types of extremist propaganda in some circumstances. The Criminal Code Amendment (Sharing of Abhorrent Violent Material) Act 2019 (Cth) (the Act) was passed by the Australian parliament last Thursday (4 April), in response to livestreaming and subsequent sharing of footage of the Christchurch terror attack and it commenced on 6 April.
On Monday 25 March, the Government announced plans to reform Australia’s privacy laws, as well as a significant boost to funding for Australia’s privacy regulator, the Office of the Australian Information Commissioner (OAIC). While the announcement appeared to be directed toward concerns regarding the behaviour of technology and social media companies, the reforms to the penalty and enforcement regime would apply generally to all entities subject to the Privacy Act.
In 2018 the Australian financial services sector continued to maintain significant attention on fintech, with a range of regulatory and legislative developments facilitating fintech innovations and new businesses entering the market. In this Fintech Year in Review (2018) publication, we explore these significant developments, with some insights into what we can expect for the fintech sector in the year to come.