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January 15, 2014

Changes ahead for Langes+

The partners of Langes+ have decided to go their separate ways. This decision has been made, amicably and cooperatively, because we have each formed quite different views as to how we wish to continue with our careers and service the needs of our clients.

We will cease to practice as Langes+ from close of business on 31 January 2014.

1. On 3 February 2014 Shannon Adams will join the national firm Hunt and Hunt as a Partner, to play a leading role in the firm’s national Banking & Financial Services practice. Hunt & Hunt provides commercial, transactional and litigation legal services to a broad range of financial services sector clients. He’ll be joined by Elaine Cheung (based in Sydney), Joshua Annese, Dale Carman, Nikki Grant and Colin Camac (based in Adelaide), and the Langes Mortgage Service (LMS) team. Initially the LMS team will remain in our Langes+ office in Sydney, but they’ll relocate to Hunt & Hunt’s Sydney office within a few months and merge with Hunt & Hunt’s substantial mortgage processing team.

2. On 1 February 2014 David Jacobson will commence practice as Bright Law and provide corporate and compliance advice and training and online services nationally, based in Brisbane.

3. Partner Rob Surman will join Wallmans on 3 February 2014 to lead their Financial Services practice, operating from Sydney and Adelaide.

Clients who currently use our on-line Clinet system in relation to mortgage processing, mortgage enforcement and debt collection matters, and who instruct us to transfer those matters to Hunt & Hunt, will continue to be able to use Clinet, which will operate in exactly the same way, after 31 January 2014.

Clients who currently use our CPD online system will be able to continue to use it, serviced by David Jacobson.

David will also continue his online news service.

We will be contacting all our clients directly to seek their instructions as to the transfer of their files.

Any of us will be happy to provide any further information you may require.

We all take this opportunity to sincerely thank our clients and staff for their support of Langes+.

Shannon Adams
0411 129 192
Rob Surman
0409 944 134
David Jacobson
0421 611 540


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Posted 15th January 2014 by admin in Business Planning

December 12, 2013

Season’s greetings

Thank you for reading our news throughout 2013.

We wish you a happy, successful and healthy 2014.

Langes will remain open over the holiday season, except for public holidays.

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Posted 12th December 2013 by David Jacobson in Business Planning


We congratulate Elaine Cheung, our resident Sydney Senior Associate, on the successful completion of her Masters of Law course at the University of Sydney.

Elaine achieved High Distinctions in Compliance: Financial Services Industry, Consumer Contracts and Product Defects and Consumer Credit - Local and Global.

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Posted 12th December 2013 by David Jacobson in Business Planning

November 29, 2013

Co-operatives National Regulations update

The Co-operatives National Regulations have been approved by all jurisdictions.

NSW and Victoria have confirmed their respective CNL laws will commence on Monday 3 March 2014.

The other jurisdictions are continuing to progress the consideration or development of their enabling laws that will introduce the CNL or alternative consistent legislation in their jurisdiction.


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Posted 29th November 2013 by David Jacobson in Business Planning, Compliance

November 27, 2013

Changes to NSW Powers of Attorney

Powers of Attorney are an important financial management and planning tool.

The single General Power of Attorney (Financial) NSW form that was previously prescribed for general and enduring powers of attorney has been replaced with 2 separate forms:
• a general power of attorney - which ceases if the principal loses mental capacity; and
• an enduring power of attorney - which continues if the principal loses mental capacity.

The changes are in the Powers of Attorney Amendment Act 2013 No 23 and the Powers of Attorney Amendment Regulation 2013 (NSW). (Land and Property Information circular)

Use of the new form to create an enduring power of attorney will become mandatory in NSW from 1 March 2014: LPI will only accept enduring powers of attorney signed on or after 1 March 2014 if they are on the new form.

All powers of attorney (both general and enduring) signed on or before 28 February 2014 and general powers of attorney signed on or after 1 March 2014 will continue to be accepted for lodgement at LPI regardless of the form on which they are created.

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Posted 27th November 2013 by David Jacobson in Business Planning, Financial Services, Property

November 13, 2013

Planning for firearm attacks

The Australian-New Zealand Counter-Terrorism Committee (supported by the National Security Resilience Policy Division (NSRPD) of the Attorney-General’s Department) has published The Active Shooter Guidelines for Places of Mass Gathering which provide guidelines for planning and responding to a situation where a person uses a gun to threaten others at sites such as sporting venues, shopping/business precincts, public transport hubs and tourism/entertainment venues.

The guidelines aim to increase awareness of this particular type of threat, while also providing guidance on the issues and options that may be considered during risk mitigation and contingency planning activities.

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Posted 13th November 2013 by David Jacobson in Business Planning, Risk Management, Workplace

November 8, 2013

Commonwealth Parliament resumes

Commonwealth Parliament will resume sittings on 12th November 2013 and will conclude for the year on 12th December.

The new Government is working its way through what it has to do to implement its agenda as well as resolve announced but unlegislated proposals dating back to 2001.

A draft Legislation Programme can be downloaded here.

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Posted 8th November 2013 by David Jacobson in Business Planning

October 2, 2013

Privacy and data bases: back to basics

We were at a meeting recently when some surprise was expressed that there were privacy issues associated with the purchase of another business's data base of customers.

Every business has a data base whether it is individual computer files, a software program or even filing cabinets full of folders.

And every data base which contains personal information about customers is potentially regulated by the Privacy Act, regardless of whether you got the information from the customer or another source.

The Privacy Act sets out how information you collect from customers can be used, stored and provided to others.

There are special rules if the information is "sensitive" (eg health information").

The Privacy Principles (which will change from 12 March 2014) set out how you can use your data base for direct marketing (whether by you or someone else).

And if any of your customers' information is stored or processed overseas ("big data" in "the cloud") then you are accountable for ensuring that the data is handled overseas in accordance with the provisions of the Privacy Act. Normally this would involve you entering into a contractual relationship with an overseas recipient.

If you use a third party service and you don't know where they store or process your information you must find out and tell your customers in a privacy notice.

Your customers are entitled to know what information you have about them.

If your business processes have changed in the last 5-10 years then it is time to think about the privacy implications.

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Posted 2nd October 2013 by David Jacobson in Business Planning, Privacy, Web/Tech

September 10, 2013

A new Government: implications for financial services regulation

The LNP Coalition has gained a majority in the House of Representatives and will form the next Federal Government.

It has already announced what it won't do: it won't remove the FBT motor vehicle statutory formula method as proposed by the former government.

It will keep Labor's planned Financial Stability Fund, funded by a levy set at 0.05 per cent on deposits in ADI's.

The new Treasurer (Joe Hockey) has previously stated he will initiate a review of the financial system within the first 100 days.

The new government has not stated its position on mandatory data breach notification or further consumer credit reform.

Legislative changes will require Senate support. The composition of the Senate is unclear.

The House of Representatives is next scheduled to sit on 1 October but it is possible that it may not resume until late October or early November.

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Posted 10th September 2013 by David Jacobson in Business Planning, Financial Services

August 5, 2013

Election called: bills lapse

The 2013 federal election will be held on 7 September.

As this Parliament will not sit again the Bills currently before Parliament will lapse.

These include the Corporations Amendment (Simple Corporate Bonds and Other Measures) Bill 2013, the Insurance Contracts Amendment (Unfair Terms) Bill 2013 and the Privacy Amendment (Privacy Alerts) Bill 2013.

The Local Government Referendum will also not proceed.

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Posted 5th August 2013 by David Jacobson in Business Planning, Insurance, Privacy
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