Murky waters: What is “responsible lending”?
On 13 August 2019, Justice Perram dismissed a case that ASIC brought against Westpac in regard to responsible lending laws. Ultimately, Justice Perram decided that Westpac’s use of an automated process for loan approvals was not a breach of responsible lending. The decision leaves us asking: Will banks everRead more
The Impact of Social Media on the Safety of your Child
Parents love using social media platforms, like Facebook, to share images of their children with friends and other family members. There is a pretext that the platform is safe from prying eyes. However, not many people think about the dynamics of this site, and how it is used toRead more
ARE YOU AN EXTERNAL ADMINISTRATOR BEING QUESTIONED BY CREDITORS?
Or, are you a creditor of a liquidated company seeking information? Legislative changes commencing in 2017 conferred additional power on creditors of companies in external administration. The additional powers included a right for creditors to obtain information and records from an external administration. INTRODUCTION OF THE POWER TheRead more