{"id":13807,"date":"2021-04-09T17:01:01","date_gmt":"2021-04-09T07:01:01","guid":{"rendered":"http:\/\/sites.thomsonreuters.com.au\/journals\/?p=13807"},"modified":"2021-04-09T17:01:01","modified_gmt":"2021-04-09T07:01:01","slug":"company-and-securities-law-journal-update-vol-38-pt-3","status":"publish","type":"post","link":"https:\/\/sites.thomsonreuters.com.au\/journals\/2021\/04\/09\/company-and-securities-law-journal-update-vol-38-pt-3\/","title":{"rendered":"Company and Securities Law Journal update: Vol 38 Pt 3"},"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 38 Part 3) contains the following material:<\/p>\n

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

Articles<\/h3>\n

\u00e2\u20ac\u0153A Tiger Without Teeth\u00e2\u20ac\u009d? The Forthcoming Review of the Modern Slavery Act 2018 (Cth) and the Place of \u00e2\u20ac\u0153Traditional\u00e2\u20ac\u009d Penalties<\/strong><\/em><\/a> \u00e2\u20ac\u201c Margaret Cusenza and Vivienne Brand<\/p>\n

Australia\u00e2\u20ac\u2122s Modern Slavery Act 2018 <\/em>(Cth) (MSA) imposes modern slavery reporting requirements on lead firms in supply chains; relying on a reputation and market-forces compliance mechanism to encourage companies to comply and address modern slavery in their supply chains. This article assesses the MSA\u00e2\u20ac\u2122s compliance mechanism and argues that while it may have been necessary at first, its limitations are significant. New evidence suggests it is unlikely the MSA\u00e2\u20ac\u2122s design will be effective in requiring companies to comply with reporting requirements. This article argues this will be so even when incidental enforcement mechanisms of directors\u00e2\u20ac\u2122 duties and misleading and deceptive conduct are taken into account \u00e2\u20ac\u201c consistent with regulatory theory perspectives that suggest the MSA\u00e2\u20ac\u2122s compliance mechanism is insufficient and requires supplementation. In offering suggestions for reform, this article draws on alternative modern slavery regulatory models \u00e2\u20ac\u201c contributing to the debate that will surround the forthcoming mandatory review of the MSA\u00e2\u20ac\u2122s operation.<\/p>\n

ASIC\u00e2\u20ac\u2122s Regulatory Powers \u00e2\u20ac\u201c Search Warrants, Telecommunications Interception Warrants, Financial Services Licensing Decisions and Banning Orders \u00e2\u20ac\u201c Suggested Reforms<\/strong><\/em><\/a> \u00e2\u20ac\u201c Dr Tom Middleton<\/p>\n

This article discusses the reforms introduced by the Financial Sector Reform (Hayne Royal Commission Response \u00e2\u20ac\u201c Stronger Regulators (2019 Measures)) Act 2020 <\/em>(Cth), including the reforms relating to: the Australian Securities and Investments Commission\u00e2\u20ac\u2122s (ASIC\u00e2\u20ac\u2122s) search warrant powers; ASIC\u00e2\u20ac\u2122s ability to access telecommunications interception warrant material; and the new \u00e2\u20ac\u0153fit and proper person\u00e2\u20ac\u009d test in relation to ASIC\u00e2\u20ac\u2122s decisions under the Corporations Act 2001 (Cth) about whether to grant, suspend or cancel an Australian Financial Services Licence and whether to make banning orders. This article examines whether these reforms have harmonised the regulatory framework, and whether they have assisted ASIC to achieve its public interest regulatory objectives in s 1(2) of the Australian Securities and Investments Commission Act 2001 <\/em>(Cth).<\/p>\n

A Typology of Legal, Regulatory and Voluntary Initiatives to Address Gender Balance on Corporate Boards<\/strong><\/em><\/a> \u00e2\u20ac\u201c Katie Watson and Tim Connor<\/p>\n

The slow pace of global progress in improving gender balance on corporate boards cannot be attributed to a lack of policy initiatives: a considerable variety of legal, regulatory and voluntary efforts have been implemented across multiple jurisdictions. However, the lack of an agreed means of categorising such initiatives has made it difficult to effectively compare their relative merits. Inconsistent terminology when reporting and analysing policy interventions is not only confusing, it can hamper identification of which aspect or aspects of a policy intervention are advancing (or failing to advance) the desired goal. This article addresses this gap by proposing a typology based on four factors: Source, Approach, Enforcement and Legal Basis. Based on an extensive review of initiatives in numerous countries we have identified eight common categories that reflect particular combinations of these four factors, namely Quotas, Equality Policies, Targets, Measurements, Governance, Suggestions, Aspirations and Corporate Social Responsibility initiatives.<\/p>\n

For the PDF version of the table of contents, click here: Westlaw AU – CSLJ Vol 38 No 3 Contents<\/a> or here: Checkpoint – CSLJ Vol 38 No 3 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 an Editorial as well as the following articles: “‘A Tiger Without Teeth’? The Forthcoming Review of the Modern Slavery Act 2018 (Cth) and the Place of ‘Traditional’ Penalties” \u00e2\u20ac\u201c Margaret Cusenza and Vivienne Brand; “ASIC’s Regulatory Powers \u00e2\u20ac\u201c Search Warrants, Telecommunications Interception Warrants, Financial Services Licensing Decisions and Banning Orders \u00e2\u20ac\u201c Suggested Reforms” \u00e2\u20ac\u201c Dr Tom Middleton; and “A Typology of Legal, Regulatory and Voluntary Initiatives to Address Gender Balance on Corporate Boards” \u00e2\u20ac\u201c Katie Watson and Tim Connor. <\/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":[17401,17402,17403,17404,8541,17405,17406,259,1171,17407,2453,12579,17408,17409,17410,17411,17412,17413,17414,17415,17416,17417,17418,17419,17420,8505,1504],"class_list":["post-13807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-and-securities-law-journal","category-journals","category-update-summaries","tag-a-tiger-without-teeth-the-forthcoming-review-of-the-modern-slavery-act-2018-cth-and-the-place-of-traditional-penalties","tag-a-typology-of-legal-regulatory-and-voluntary-initiatives-to-address-gender-balance-on-corporate-boards","tag-access-to-telecommunications-interception-warrant-material","tag-alternative-modern-slavery-regulatory-models","tag-articles","tag-asics-regulatory-powers-search-warrants-telecommunications-interception-warrants-financial-services-licensing-decisions-and-banning-orders-suggested-reforms","tag-australian-financial-services-licence","tag-cslj","tag-corporations-act-2001-cth","tag-dr-tom-middleton","tag-editorial","tag-edmund-finnane","tag-financial-sector-reform-hayne-royal-commission-response-stronger-regulators-2019-measures-act-2020-cth","tag-fit-and-proper-person-test","tag-improving-gender-balance-on-corporate-boards","tag-inconsistent-terminology-when-reporting-and-analysing-policy-interventions","tag-katie-watson","tag-limitations-of-compliance-mechanism","tag-margaret-cusenza","tag-modern-slavery-reporting-requirements-imposed-on-lead-firms-in-supply-chains","tag-policy-intervention","tag-quotas-equality-policies-targets-measurements-governance-suggestions-aspirations-and-corporate-social-responsibility-initiatives","tag-reputation-and-market-forces-compliance-mechanism","tag-s-12-of-the-australian-securities-and-investments-commission-act-2001-cth","tag-the-australian-securities-and-investments-commissions-asics-search-warrant-powers","tag-tim-connor","tag-vivienne-brand"],"_links":{"self":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/13807","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=13807"}],"version-history":[{"count":0,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/13807\/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=13807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/categories?post=13807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/tags?post=13807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}