Damien Richard on Muck Rack

Damien Richard

Sydney
As seen in: King & Wood Mallesons, Lexology
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Articles

Latest Thinking

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By Damien Richard
| King & Wood Mallesons
explore our latest thinking Sorry, no results were found for 1q2w3e4r5t6y Please try a different search.
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Further revised Treasury proposals for Foreign Financial Services Providers

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By Mark McFarlane, Damien Richard
| King & Wood Mallesons
Treasury has released revised draft legislation for Australian financial services (AFS) licence relief options for foreign financial service providers (FFSPs). The exposure draft Explanatory Memorandum and Bill can be found here. The announcement by Treasury is a welcome development. This indicates the possible end of a period of regulatory uncertainty for FFSPs already providing, or considering providing, financial services in Australia.
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Are your group entities related bodies corporate?

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By Sarah Yu, Jim Boynton, Diana Thebaud Nicholson, Damien Richard, Nita Alexander
| Lexology Verified
Related bodies corporate The concept of “related bodies corporate” is often used in the Corporations Act for many of its purposes requiring linkage of corporations. It is also a concept referred to in the Australian financial services licence (AFSL) regime that is used to provide some flexibility in relation to the structuring of corporate groups for licensing purposes.
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