Unfair terms in small business loan contracts Small businesses and ASIC can commence proceedings against lenders alleging that certain terms used by the lender in their small business loans are unfair contract terms. ASIC [...]
Banking and Finance
Time to Get Carried Away by Data Portability? The New Consumer Data Right Rules and What They Promise for Start-Ups, Incumbents and Consumers
Time to Get Carried Away by Data Portability? The New Consumer Data Right Rules and What They Promise for Start-Ups, Incumbents and Consumers The new Consumer Data Right (CDR) regime It’s here! The bill [...]
Sellers’ Retention of Title Under the PPSA Review: Will PMSI “Cross Collateralisation” Level the Playing Field or Skew the Balance?
Bruce Whittaker’s Review of the Personal Property Securities Act (“PPSA Review”), tabled in the Australian Parliament in March 2015, recommends that the PPSA be amended to expand the “purchase money security interest” (PMSI) super priority [...]
Originally published in Banking Law Bulletin (2018) Volume 34, at page 28 “Open Banking” is shorthand for implementing the “consumer data right” (CDR) in the banking sector. The Open Banking Review makes specific and detailed [...]