JUMP TO
    eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuYW1laWQiOiIzYzYyM2I5MC04ZTY2LTRhZDgtODk2MS03MTc1MjQwNTRjM2IiLCJyb2xlIjoiQXBpVXNlciIsIm5iZiI6MTc1MjE3NDkzNCwiZXhwIjoxNzUyMTc2MTM0LCJpYXQiOjE3NTIxNzQ5MzQsImlzcyI6Imh0dHBzOi8vd3d3Lm1pbnRlcmVsbGlzb24uY29tL2FydGljbGVzL2dvdmVybmFuY2UtbmV3cy05LWRlY2VtYmVyLTIwMjAiLCJhdWQiOiJodHRwczovL3d3dy5taW50ZXJlbGxpc29uLmNvbS9hcnRpY2xlcy9nb3Zlcm5hbmNlLW5ld3MtOS1kZWNlbWJlci0yMDIwIn0.Uuhzj8kMlnXehL0ZycpDfsVyT8yHUcVoDD0Ew5L-290
    https://www.minterellison.com/articles/governance-news-9-december-2020
    CLOSE
    CONTACT US Search Minter Ellison
    • Post

    Governance News 9 December 2020

    60 minute read (PDF download)  09.12.2020 Mark Standen, Siobhan Doherty, Kate Hilder

    This issue includes coverage of several sessions from the Governance Institute's National Conference, including panel discussions covering the evolution of role of risk managers and the three lines of defence model. In addition, this issue covers key financial services developments including ASIC's consultation non proposed updates to remediation guidance and more…

    Full coverage of this weeks content is now available

    Past issues are available

    read this issue
    eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuYW1laWQiOiIzMjM4YjUwNi05MmI5LTQzMTItOTY5Ny0zN2QwNDZhYTBlNGEiLCJyb2xlIjoiQXBpVXNlciIsIm5iZiI6MTc1MjE3NDkzNCwiZXhwIjoxNzUyMTc2MTM0LCJpYXQiOjE3NTIxNzQ5MzQsImlzcyI6Imh0dHBzOi8vd3d3Lm1pbnRlcmVsbGlzb24uY29tL2FydGljbGVzL2dvdmVybmFuY2UtbmV3cy05LWRlY2VtYmVyLTIwMjAiLCJhdWQiOiJodHRwczovL3d3dy5taW50ZXJlbGxpc29uLmNvbS9hcnRpY2xlcy9nb3Zlcm5hbmNlLW5ld3MtOS1kZWNlbWJlci0yMDIwIn0.Kdi9eoZ7CkdIa-VntP_vDbamIaV_TpLxKBOVTXZ-APw
    https://www.minterellison.com/articles/governance-news-9-december-2020

    Our most recent top stories

    Receive Governance News in your inbox.

    We provide weekly summaries of key regulatory and governance developments in Australia and overseas.

    Subscribe

    Diversity Navigation Show below Hide below

    • Losing momentum: MSCI data shows that the number of women being appointed to boards globally slowed considerably in 2020
    • Nasdaq is pushing for the introduction of new minimum board diversity requirements and disclosure requirements for Nasdaq listed companies
    • Progress toward financial parity: Financy's latest quarterly report shows the timeline to financial parity between men and women is unchanged at 32 years

    Institutional shareholders and stewardship Navigation Show below Hide below

    • Investors are driving a 'tectonic shift': BlackRock data shows investors representing US$25 trillion in assets are planning to double their ESG assets over the next five years

    Corporate social responsibility and sustainability Navigation Show below Hide below

    • No conflict: Wesfarmers Chair says responsible business is, and has always been, good business

    Financial Services Navigation Show below Hide below

    • Hurdles at every stage: The ACCC's final home loan price inquiry final report makes four recommendations to address the barriers standing in the way of borrowers switching to a cheaper deal
    • APS 120 compliance: APRA is conducting thematic reviews of securitisation practices
    • APRA is consulting on proposed changes to the ADI capital risk framework
    • Responsible lending reforms: APRA is consulting on two (potential) revisions to new Prudential Standard APS 220 Credit Risk Management
    • Being prepared for increasingly regular 'black swan' events: APRA Chair Wayne Byres reflects on the importance of building resilience as well as strength
    • Removal of the BNPL no-surcharge rule is looking unlikely (at least for the present)? RBA Governor Philip Lowe has outlined the board's preliminary views on possible changes to payments systems regulation
    • ASIC is consulting on proposed updates to remediation guidance: Regulatory Guide 256 Client review and remediation
    • Superannuation: ASIC sounds warning on the design and disclosure of default insurance
    • COVID-19: Funds have now paid out $35.5 billion under the government's early release of superannuation scheme
    • In Brief | Early release of superannuation scheme: APRA's analysis of data, collected through the pandemic data collection, on the impact of the early release of superannuation scheme concludes that funds have a high level of operational resilience (including in relation to heightened fraud risk and service provider disruptions), cash holdings remain relatively high and members with lower account balances had the highest take-up rate of ERS withdrawals

    Risk management Navigation Show below Hide below

    • Key takeaways from an expert panel discussion on the three lines of defence model
    • The evolution of risk management – Insights from an expert panel into the key challenges facing risk professionals
    • In Brief | The Currency (Restrictions on the Use of Cash) Bill 2019 which proposed to introduces offences for entities that make or accept cash payments of $10 000 or more is not proceeding

    Other news Navigation Show below Hide below

    • In Brief | Aged Care Royal Commission to spur M&A activity: Writing in The AFR, MinterEllison's experts say structural issues in the aged care sector highlighted by the aged Commission present a clear opportunity for many in the sector
    • In Brief | Treasury is consulting on a new ACNC governance standard aimed at incentivising relevant charities to join the national redress scheme for child sex abuse. The deadline for submissions is 8 January
    • In Brief | The government is set to introduce a new mandatory news media and digital platforms bargaining code to redress the bargaining power imbalance between digital platform services (Facebook NewsFeed and Google Search) and media outlets
    • Tapping the potential of hydrogen

    Receive Governance News in your inbox.

    We provide weekly summaries of key regulatory and governance developments in Australia and overseas.

    Subscribe

    Contact

    Tags

    Governance Newsletter Corporate social responsibility & sustainability Diversity Financial Services Institutional Shareholders and Stewardship Regulators Risk management
    eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuYW1laWQiOiJlODQyNWZiZi0xN2JlLTQ0YTUtYTVkOS0yMTQwMjhmMzg3MjQiLCJyb2xlIjoiQXBpVXNlciIsIm5iZiI6MTc1MjE3NDkzNSwiZXhwIjoxNzUyMTc2MTM1LCJpYXQiOjE3NTIxNzQ5MzUsImlzcyI6Imh0dHBzOi8vd3d3Lm1pbnRlcmVsbGlzb24uY29tL2FydGljbGVzL2dvdmVybmFuY2UtbmV3cy05LWRlY2VtYmVyLTIwMjAiLCJhdWQiOiJodHRwczovL3d3dy5taW50ZXJlbGxpc29uLmNvbS9hcnRpY2xlcy9nb3Zlcm5hbmNlLW5ld3MtOS1kZWNlbWJlci0yMDIwIn0.bXQ0dilyhVi21lt135J-b22Gq45pYERSQFM4LQaFdOU
    https://www.minterellison.com/articles/governance-news-9-december-2020

    Read Next

    Point of View: insights into key issues and challenges facing business today.

    In this series of interviews with MinterEllison partners we hear their perspective on key areas of interest to our clients and the business community.

    Watch now

    © 2025 MinterEllison