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Hazelbrook shares its deep expertise and professional knowledge to bring you news, legal insights and media updates.

Hall of Mirrors: When Will a Licence Agreement Look Like a Franchise Agreement?

While a licence agreement and a franchise agreement are two different arrangements, if not documented correctly, a licence agreement can be deemed to be a franchise agreement. Figuring out which arrangement is best for your business, as well as how to document the arrangement properly, is vital from both a legal and commercial perspective.

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The Importance of Managing Cybersecurity Risks for AFSL Holders

In a recent Federal Court case, an Australian financial services licence (AFSL) holder was found to have breached its AFSL obligations by failing to adequately address its cybersecurity risks. Following this case, AFSL holders should ensure they have suitable processes in place to manage cybersecurity risk and engage relevantly qualified professionals to confirm the competency of their cyber risk management systems. Further robust monitoring and auditing systems will be an important tool for AFSL holders to regularly review the adequacy of their cyber risk management systems against the evolving nature of cybersecurity requirements.

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Protect Your Brand - “.au” Direct Domain Name Now Available

Businesses and individuals with an Australian presence will now be able to register for the shorter, more memorable “.au” direct domain name. Users with an existing registered Australian domain, such as ".com.au", ".org.au" or ".net.au", will be given priority to apply for the corresponding ".au" direct domain name until 20 September 2022.

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No Longer Lost in Translation: The New CCIV Regime is Coming July 2022

On 10 February 2022, the Corporate Collective Investment Framework and Other Measures Bill 2021 (the CCIV Bill) was passed into law.

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New Director Identification Number Requirements Imminent

Commencing November 2021, directors of Australian companies will be personally required to verify their identity as part of the new Director ID (DIN) regime. The DIN is a unique identifier that directors will be required to apply for once, and then keep forever – including if they stop being a director, move overseas, change to another company or are a director of multiple companies.

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