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Avoiding legal and regulatory pitfalls in digital transformation projects
This article first appeared in the September 2024 issue of Financier Worldwide.
Global | Publication | May 24, 2016
On 7 May 2015, the Minister of Labour, in her budget vote speech, announced proposed amendments to the Occupational Health and Safety Act (OHSA) and the Compensation for Occupational Injuries and Diseases Act (COIDA).
The Chief Inspector has provided a forecast on what to expect and the implications for employers.
The following are important features to be expected:
The National Economic Development and Labour Council and the Department of Labour have engaged in internal consultation processes on the provisions of the OHSA Amendment Bill and the COID Amendment Bill. The Minister has emphasised that the legislative process is being fast-tracked to ensure that these Bills are tabled in parliament this year.
The Minister has stated that the purpose of the OHSA Bill is to align OHSA with employment and labour legislation, and to regulate triangular employment relationships, where workers are employed by an agency or contractor and do work for other entities. The COID Amendment Bill intends to align COIDA more closely with other labour legislation, and to provide a legal framework for the Compensation Fund to more effectively promote programmes that facilitate employees’ return to work.
The Deputy Minister of Labour reiterated in his budget vote speech delivered on 10 May 2016, the Department of Labour’s commitment to ensuring that the following objectives are achieved:
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This article first appeared in the September 2024 issue of Financier Worldwide.
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The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
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On 26 July 2024, the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) jointly released revised rules in respect of the investments into China’s financial market through the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor (collectively, QFII) regime (the New Rules).
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