Litigation funding arrangements are once again exempt from the managed investment scheme and AFS licensing regimes in the Corporations Act.
December 23, 2022Litigation funding schemes will regain exemptions from requirements to hold an AFS licence and be subject to the same regulations as managed investment schemes.
September 9, 2022Legislation was introduced to establish the FAR and CSLR. Separate bills were introduced to improve the superannuation system and outcomes for litigation funding participants.
November 6, 2021Companies can provide forward-looking guidance to the market without the fear of class actions if forecasts are found to be inaccurate.
August 13, 2021The amendments allow FIs to carry out ACIP on a customer after an account is opened, provided the initial deposit is the only transaction made at opening.
July 31, 2021ASIC proposes to grant relief from the equal treatment duty to enable the effective distribution of a resolution sum obtained in a class action.
July 18, 2021The government will consider capping fees and the introduction of a minimum rate of return for class action members.
June 3, 2021The benefit of securities class actions may disproportionately benefit litigation funders rather than plaintiffs in those proceedings, with the costs falling on the shareholders, ASX says.
June 23, 2020