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: Australian Regulatory Compliance Review

Looking forward to 2011

By David Jacobson

Thank you for reading our news services over the past year. On behalf of the Langes+ team I wish you a happy, successful and healthy 2011.

If you are taking an extended break, we look forward to talking to you on your return.

Langes+ services will be available over the holiday season.

Put these dates in your calendars now if you haven’t already started planning:

1 January 2011
Responsible lending (ADI’s and registered finance companies) starts.
Commencement of paid parental leave scheme
Australian Consumer Law starts
Draft exit fees legislation
Diversity policy required for ASX listed companies

March 2011
Exposure draft mortgage facts sheet legislation
Exposure draft covered bonds legislation

April 2011
New National Business Names Register to start

May 2011
New Personal Property Securities law to start

30 June 2011
deadline for issue of ACL licences for pre-1 July 2010 credit providers
Stage 2 credit reform ongoing
Trusts taxation law amendments

1 July 2011
Director and executive remuneration anmd governance legislation to start
SuperStream administration changes start (including use of tax file numbers as primary account identifiers)
inclusion of standard ACL wording in contracts for repair
revised EFT code
Privacy reforms

1 January 2012
standard ACL wording in warranties against defects

1 April 2012
deadline for use of Australian Credit Licence numbers

1 July 2012
Financial advice reforms due to start

1 July 2013
MySuper starts

Full post as published by Australian Regulatory Compliance Review on December 20, 2010 (boomark / email).