{"id":12763,"date":"2020-04-03T13:02:06","date_gmt":"2020-04-03T02:02:06","guid":{"rendered":"http:\/\/sites.thomsonreuters.com.au\/journals\/?p=12763"},"modified":"2020-04-03T13:02:06","modified_gmt":"2020-04-03T02:02:06","slug":"company-and-securities-law-journal-update-vol-37-pt-4","status":"publish","type":"post","link":"https:\/\/sites.thomsonreuters.com.au\/journals\/2020\/04\/03\/company-and-securities-law-journal-update-vol-37-pt-4\/","title":{"rendered":"Company and Securities Law Journal update: Vol 37 Pt 4"},"content":{"rendered":"

*Please note that the links to the content in this Part will direct you to Westlaw AU. If you are using Checkpoint, the links can be found in the Checkpoint PDF <\/strong>at the bottom of this post.<\/p>\n

To purchase an article, please email:\u00c2\u00a0LTA.Service@thomsonreuters.com<\/a>\u00c2\u00a0or\u00c2\u00a0contact us on 1300 304 195\u00c2\u00a0(Australian customers) or +61 2 8587 7980\u00c2\u00a0(international customers) during business hours\u00c2\u00a0(Mon-Fri, 8am-6pm AEST).<\/p>\n

The latest issue of the Company and Securities Law Journal <\/em>(Volume 37 Part 4) contains the following material:<\/p>\n

EDITORIAL<\/a> \u00e2\u20ac\u201c Editor: Edmund Finnane<\/em><\/p>\n

Articles<\/h3>\n

Disclosure, Transparency and Regulation of Open Market Repurchases in Australia<\/strong><\/em><\/a> \u00e2\u20ac\u201c\u00c2\u00a0 Christine Brown, John Handley and Asjeet S Lamba<\/p>\n

Australia simplified the legislative framework governing share repurchases in 1995. We\u00c2\u00a0 analyse detailed daily data on Australian companies\u00e2\u20ac\u2122 open market repurchases (OMRs) to document the extent of Australian OMRs and investigate company compliance with buyback regulations. We compare Australian regulation with that in other jurisdictions. Similar to other markets, Australian companies must follow exchange rules regarding the price of their transactions. We find companies are generally compliant with the existing regulations governing OMRs. However, unlike in most other countries, Australian\u00c2\u00a0 regulations do not restrict the volume of shares companies may repurchase on-market in\u00c2\u00a0 any day. In addition, the timing of company repurchases is generally unregulated. As a result, repurchasing companies dominate the market for their own shares on a substantial portion of repurchase days, with the potential to distort market prices. Policy changes related to restricting the timing and trading volume of repurchase trades may need to be\u00c2\u00a0 considered.<\/p>\n

Cyber-related Risk Disclosure in Australia: Evidence from the ASX200<\/strong><\/em><\/a> \u00e2\u20ac\u201c\u00c2\u00a0 Cary Di Lernia, Catherine Hardy and Asaf Dori<\/p>\n

Labelled \u00e2\u20ac\u0153pervasive\u00e2\u20ac\u009d by APRA, cyber risks have come to be recognised as a key category of\u00c2\u00a0 business risk requiring board-level attention by ASIC and the Commonwealth Government. The ever-increasing pace of technological evolution, combined with its ever-broadening usage, poses an ever-widening array of risks to corporations and their stakeholders. With mandatory data breach reporting laws in Australia, APRA having released its first\u00c2\u00a0 Prudential Standard on Information Security for regulated entities, and in view of a study\u00c2\u00a0 by the ASX which found nearly two-thirds of Australia\u00e2\u20ac\u2122s top 100 companies consider cyber \u00e2\u20ac\u0153breaches\u00e2\u20ac\u009d an \u00e2\u20ac\u0153IT issue\u00e2\u20ac\u009d as opposed to a governance issue, it is important to understand\u00c2\u00a0 corporate management of internal and external cyber risks and communication around them. This article examines the annual reports of the ASX200 over the two most recent\u00c2\u00a0 financial periods to understand the depth of consideration of cyber risks among Australia\u00e2\u20ac\u2122s\u00c2\u00a0 largest corporations and, thereby, to explore prevalent cyber resilience practices. Given the ubiquity of cyber risks, and the increasing rate and sophistication of cyber attacks,\u00c2\u00a0 best practice relating to cyber risk management and security efforts among Australia\u00e2\u20ac\u2122s\u00c2\u00a0 largest companies is of significant and increasing importance to the wider market and its\u00c2\u00a0 participants.<\/p>\n

Should Australians Have a Revised Uniform Unincorporated Nonprofit Associations Act?<\/strong><\/em><\/a> \u00e2\u20ac\u201c Dr Matthew Turnour<\/p>\n

This article argues that revelations of the extent of sexual and other abuse occurring within unincorporated associations, coupled with the challenges facing both plaintiff\u00c2\u00a0 victims and management committee (or equivalent) defendants, obliges Australian\u00c2\u00a0 Governments to consider enacting legislation akin to the Revised Uniform Unincorporated\u00c2\u00a0 Nonprofit Association Act <\/em>(RUUNAA) adopted in many jurisdictions of the United States.\u00c2\u00a0 The challenges facing Australian plaintiffs and defendants caused by the lack of legal\u00c2\u00a0 recognition of unincorporated associations are common to Commonwealth countries. The\u00c2\u00a0 article further considers both foreseeable advantages and challenges that arise if RUUNAA-like\u00c2\u00a0 legislation was introduced into Australia.<\/p>\n

For the PDF version of the table of contents, click here: Westlaw AU – CSLJ Vol 37 No 4 Contents<\/a> or here: Checkpoint – CSLJ Vol 37 No 4 contents<\/a><\/p>\n

Click here to access this Part on Westlaw AU<\/a><\/p>\n

Click here to access this Part on Checkpoint<\/a><\/p>\n

For general queries, please contact:\u00c2\u00a0tlranz.journal.orders@thomsonreuters.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest Part of the Company and Securities Law Journal includes the following articles: “Disclosure, Transparency and Regulation of Open Market Repurchases in Australia” \u00e2\u20ac\u201c Christine Brown, John Handley and Asjeet S Lamba; “Cyber-related Risk Disclosure in Australia: Evidence from the ASX200” \u00e2\u20ac\u201c Cary Di Lernia, Catherine Hardy and Asaf Dori; and “Should Australians Have a Revised Uniform Unincorporated Nonprofit Associations Act?” \u00e2\u20ac\u201c Dr Matthew Turnour. This issue also includes an Editorial.<\/p>\n","protected":false},"author":17,"featured_media":11957,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260,38,39],"tags":[8541,14868,6166,14869,14870,259,2800,14871,14872,14874,14873,14875,14876,2453,12579,14877,14878,14879,14880],"class_list":["post-12763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-and-securities-law-journal","category-journals","category-update-summaries","tag-articles","tag-asaf-dori","tag-asjeet-s-lamba","tag-business-risk","tag-buyback-regulations","tag-cslj","tag-cary-di-lernia","tag-catherine-hardy","tag-christine-brown","tag-cyber-related-risk-disclosure-in-australia-evidence-from-the-asx200","tag-cyber-breaches","tag-disclosure-transparency-and-regulation-of-open-market-repurchases-in-australia","tag-dr-matthew-turnour","tag-editorial","tag-edmund-finnane","tag-john-handley","tag-omr","tag-ruunaa","tag-should-australians-have-a-revised-uniform-unincorporated-nonprofit-associations-act"],"_links":{"self":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/12763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/comments?post=12763"}],"version-history":[{"count":0,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/12763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/media\/11957"}],"wp:attachment":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/media?parent=12763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/categories?post=12763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/tags?post=12763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}