June 2014

19 June 2014 Transitional regime for DIMS providers announced Introduction Earlier this week, Commerce Minister Craig Foss announced changes to the regulation of providers of Discretionary Investment Management Services (“DIMS”) – affecting the in the Financial Markets Conduct Act 2013 and the Financial Advisers Act 2008. DIMS include any service where the provider decides which […]

12 June 2014 Criminalisation of directors’ duties – latest SOP provides workable outcome Introduction Over a period of almost 2 years, the office of Commerce Minister Craig Foss has spearheaded initiatives, under guise of lifting confidence, to criminalise “egregious” breaches of certain directors’ duties. Earlier this week a further Supplementary Order paper was tabled that,