In this issue of the Corporate Alert we look a number of recent announcements on planned regulatory changes to Corporations law. These include increased penalties for market misconduct, an extension to ASIC's powers to allow the regulator to access telephone content obtained by the Australian Federal Police, and changes to the Corporations Act 2001 (Cth) in light of Sons of Gwalia v Margaretic [2007] HCA 1. We also look at a report released by the Corporate and Markets Advisory Committee (CAMAC) on members' schemes of arrangement.
In this edition:
Government announces increased penalties for market misconduct and greater ASIC powers
CAMAC recommends dropping the 'headcount' test for schemes of arrangement.
Response to Sons of Gwalia: amendments to Corporations Act in the pipeline.
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