Sitting in a coffee shop in downtown Sydney on a recent trip to Australia, a look around at the diversity of faces discussing business, the price of coffee (and last weekend’s ‘footie’), it was clear that Australians of Asian descent are very much part of the fabric of the country. But whilst Asia has come to Australia, is Australia investing in Asia, and are Australian businesses taking full advantage of their geographical proximity to either the region’s mature or fast-emerging markets?
Rebecca Lim, Group General Counsel of Westpac Banking Corporation speaks to ASIAN-MENA COUNSEL about the challenges and opportunities she has encountered in her role at the Australian headquartered bank. Here, she explains how her and her team manage to stay ahead of the curve.
If enacted, the proposed Private Health Insurance Act 2015 will empower Australian Prudential Regulation Authority to administer the prudential regulation of the private health insurance industry in Australia and the provisions of the Private Health Insurance Act 2007 relating to the establishment, functions and responsibilities of Private Health Insurance Administration Council will be repealed.
China has committed to allow Australian insurance providers access to China’s lucrative statutory third-party liability motor vehicle insurance market.
Not only has the NSW Government announced the "ground-breaking" creation of a cash retention trust scheme for "the protection of subcontractors", but we have also been told to expect in 2015 a full review of the Building and Construction Industry Security of Payment Act 1999 (SOPA).
Under a revised privacy regime, the Australian Privacy Commissioner has a range of increased powers. Businesses need to ensure that systems and procedures are up to scratch and compliant with the new rules.
The China-Australia Free Trade Agreement will unlock significant commercial opportunities for Australian businesses and provide enhanced investment protections ...
