Author: Laura Keily

ASIC’s new guidance – disclose more, write less!

On 12 April 2011, ASIC released a draft Regulatory Guide (RG) entitled ‘Prospectus Disclosure: improving disclosure for retail investors’. The RG includes further guidelines on prospectus content and presentation. The draft RG is heavy on new disclosure requirements. In particular, it suggests that issuers should include...

Credit and debit cards – when are cards “of the same kind”?

Westpac Banking Corporation v Australian Securities and Investments Commission [2009] FCA 1506, Federal Court of Australia, Rares J, 15 December 2009 (a) Summary Westpac Banking Corporation (Applicant) sought a declaration from the court that its conduct in substituting an existing debit card (Handycard) held by certain Westpac...