Simpler regulatory system regulations

More regulations to give effect to measures implemented under the Federal Government’s ‘Simpler Regulatory System’ legislation have now been made. Partner Susan Burns and senior associate Justine Woodford report on the latest developments.

Susan Burns, partner and Justine Woodford, senior associate, Allens Arthur Robinson

In June 2007, we reported on the Federal Government’s simpler regulatory system laws (see AAR Client Update , 29 June 2007 and AAR Focus: Corporate and Financial Services , June 2007), noting that implementation of a number of the measures would be supplemented by supporting regulations. ¹ In early July 2007, we reported that regulations dealing with some of the financial services and broader corporate measures had been made for that purpose (see AAR Client Update , 3 July 2007). The new Corporations Amendment Regulations 2007 (No 12) (Cth) (the new regulations) give effect to the remaining financial services regulation matters (and some other related matters). ² Details of the main changes and requirements are summarised below.