Short selling draft laws and ASIC interim rules released

The Minister for Superannuation and Corporate Law, Senator Sherry, has released  draft legislation on the disclosure of covered short sale transactions. Senator Sherry said the Corporations Amendment (Short Selling) Bill has been released in preparation for the possible future removal of the current halt on most types of covered short selling put in place by…

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Living with a reverse mortgage – ASIC report

A report capturing the experiences of home-owners with a reverse mortgage has been released by ASIC. The report, All we have is this house reveals that while the borrowers interviewed were generally satisfied with the reverse mortgages they had taken out, several factors inhibited ‘good consumer decision-making’. The report identified several factors that have the…

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