Hazelbrook shares its deep expertise and professional knowledge to bring you news, legal insights and media updates.
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.
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.
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.
Key Updates: Critical Infrastructure Reform and Ransomware Action Plan
The rapid escalation in cyber attacks, particularly against key infrastructure assets domestically and abroad, has forced an urgent push from the Australian Government for sweeping new laws. The Government will split the Critical Infrastructure Bill by passing what it sees as the most urgent of the reforms with a view to address the ‘serious and rapidly deteriorating cyber security environment’.
Coming Clean: ASIC Offers Restricted Immunity for Market Misconduct
ASIC have announced the commencement of a novel immunity policy for individuals who contravene the market misconduct and related provisions in Part 7.10 of the Corporations Act. The policy outlines ASIC’s intention to provide conditional immunity for offences related to market manipulation, insider trading, and dishonest or deceptive conduct.
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