UPDATE: Business law reform - what is it trying to achieve?

In the Winter 2003 issue of Financial Services Quarterly, we summarised the aims of the Business Law Reform Bill, which includes important changes to the Companies Act and the PPSA.

Following a number of breaches of the Securities Act by certain Australian Registered Managed Investment Schemes, in October last year, Commerce Minister Lianne Dalziel appended a Supplementary Order Paper to the Bill. Submissions on the Supplementary Order Paper closed on 19 November 2003 and the Bill is expected to be enacted in March this year.

We will update you on progress with the legislation in future issues of Financial Services Quarterly.

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.