BEAR (now FAR) – the extension of the Banking Executive Accountability Regime
On 22 January 2020, The Treasury released the Government’s proposed model expansion of the Banking Executive Accountability Regime (BEAR) to all banks, insurance and superannuation entities. The consultation period will run until 14 February 2020. Affected entities need to consider whether they wish to make a submission now, and prepare for the implementation of FAR.
Gadens Advancing Reconciliation
In 2019, Gadens launched its inaugural Reflect Reconciliation Action Plan (RAP).
International M&A specialist joins Gadens
Read more here.
Featured publication | Doing Business in Australia
Our Doing Business in Australia guide provides foreign investors with an overview of the Australian business environment, and practical advice on how to go about setting up and doing business in Australia.
On 4 February 2019, the Morrison Government announced it would implement recommendations 3.9, 4.12, 6.6, 6.7 and 6.8 of the Financial Services Royal Commission to extend the Banking Executive Accountability Regime (BEAR) to all APRA-regulated entities e.g. banks, insurance and superannuation firms and provide joint administration to ASIC as the conduct regulator. On 22 January ...
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