Recent developments

Changes to NSW stamp duty laws
Limiting the amount recoverable under a security document may no longer be effective to cap the amount of stamp duty payable in New South Wales.

Directors' and officers' disclosure review
A review of the directors' and officers' disclosure obligations in the Securities Markets Act has been announced.

Financial intermediaries discussion paper released
A discussion paper on the co-regulatory model for financial intermediaries was released in early July. The Ministry of Economic Development is now seeking industry feedback, and has acknowledged concerns about the costs of the new regulatory framework.

Enquiries and information

For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.

Disclaimer

This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.