On January 1, 2024, commencement regulations brought the Pensions Dashboards (Prohibition of Indemnification) Act 2023 into force.

The Act prevents trustees from being reimbursed out of scheme assets where penalties are imposed under pensions dashboards legislation.



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Australian Privacy Alert: Parliament passes major privacy law reform

On 29 November 2024, the first tranche of sweeping Australian privacy reforms under the Privacy and Other Legislation Amendment Bill 2024 (Cth) (Bill) passed both Houses of Parliament.

Australia | December 16, 2024

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A value-referenced crypto asset (VRCA, commonly known as a “stablecoin”) is a crypto asset designed to maintain a stable value over time by referencing the value of a fiat currency, such as the US dollar, or any other value or right, or a combination thereof. It can be used as a medium of exchange or as a store of value that is less volatile than other crypto assets.

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