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	<title>Credit Union and Mutual Law Blog</title>
	<link>http://www.langes.com.au/creditunion_mutual_law</link>
	<description>news for Credit Unions and Building Societies from Langes+ Lawyers</description>
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		<title>Queensland duty on mergers, acquisitions and transfers of assets of financial institutions</title>
		<description><![CDATA[The Queensland 2011-12 Mid Year Fiscal and Economic Review delivered on 13 January included an announcement of the &#8220;deferral of the abolition of duty on the transfer of core business assets until the Budget can accommodate the abolition&#8221;. Under The Intergovernmental Agreement on the Reform of Commonwealth-State Financial Relations (the GST Agreement) business asset duty [...]]]></description>
		<link>http://www.langes.com.au/creditunion_mutual_law/2012/01/27/queensland-duty-on-mergers-acquisitions-and-transfers-of-assets-of-financial-institutions/</link>
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		<title>New APRA Standards commence</title>
		<description><![CDATA[New APRA Standards (associated forms) for capital adequacy, market risk, securitisation and prudential disclosure commenced on 1 January 2012. Download new APS 111, 116, 120, 310 and 330 here. APRA&#8217;s Response to Submissions lists the changes to the previous standards. Banking (prudential standard) determination No. 5 of 2011 - Prudential Standard APS 111 &#8211; Capital [...]]]></description>
		<link>http://www.langes.com.au/creditunion_mutual_law/2012/01/03/new-apra-standards-commence/</link>
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		<title>Payments fraud in Australia</title>
		<description><![CDATA[The Australian Payments Clearing Association (APCA) has released statistics for cheque and payment card fraud in Australia for all financial institutions the 12 months to the end of June 2011. Whilst cheque fraud dropped, scheme credit, debit and charge card fraud (signature-permitted debit, credit and charge cards and card-not-present (CNP) transactions) increased from 58.9 cents [...]]]></description>
		<link>http://www.langes.com.au/creditunion_mutual_law/2011/12/21/payments-fraud-in-australia/</link>
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		<title>Mutual Banking Code Compliance Committee Annual Report</title>
		<description><![CDATA[The Compliance Committee of the Mutual Banking Code of Practice has released its Annual Report for 2010-2011. It is the view of the Committee that Mutuals have a natural bias towards treating their customers well. It is part of their culture and of their history. However it did identify areas for improvement including: advice to [...]]]></description>
		<link>http://www.langes.com.au/creditunion_mutual_law/2011/12/19/mutual-banking-code-compliance-committee-annual-report/</link>
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		<title>Case note: assessing a guarantor&#8217;s capacity to pay</title>
		<description><![CDATA[In Fast Fix Loans Pty Ltd v Samardzic [2011] NSWCA 260, the NSW Court of Appeal rejected an appeal from a Supreme Court decision to refuse a mortgagee&#8217;s application for possession of land owned by the third party mortgagors. The mortgagors were the parents of the sole director of a property development company. They succeeded [...]]]></description>
		<link>http://www.langes.com.au/creditunion_mutual_law/2011/11/16/case-note-assessing-a-guarantors-capacity-to-pay/</link>
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		<title>Mutuals: the quiet achievers</title>
		<description><![CDATA[In APRA Chair John Laker&#8217;s speech at the Abacus Convention he described the ‘quiet achievement’ on the part of mutual ADIs as an important source of their strength, notwithstanding &#8220;unsettled times&#8221;. He confirmed that APRA will maintain its focus on three main supervisory issues: credit standards, liquidity and funding, and governance. In respect of funding [...]]]></description>
		<link>http://www.langes.com.au/creditunion_mutual_law/2011/10/26/mutuals-the-quiet-achievers/</link>
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		<title>Regulatory capital for mutuals under Basel III</title>
		<description><![CDATA[APRA has set out its proposals for regulatory capital for ADI&#8217;s under Basel III in a discussion paper. APRA proposes to adopt the Basel III definition of regulatory capital, under which common equity (ordinary shares) is the predominant form of Tier 1 capital. APRA proposes that, from 1 January 2013, all ADIs will be required [...]]]></description>
		<link>http://www.langes.com.au/creditunion_mutual_law/2011/09/11/regulatory-capital-for-mutuals-under-basel-iii/</link>
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		<title>Mutual Banking Code training</title>
		<description><![CDATA[In its latest Bulletin, the Code Compliance Committee which monitors the Mutual Banking Code of Practice has emphasised the need for mutuals to train staff on the requirements of the Code to ensure that staff are aware of the Code and the benefits, rights and responsibilities of Mutuals towards their members. Whilst there is an [...]]]></description>
		<link>http://www.langes.com.au/creditunion_mutual_law/2011/09/01/mutual-banking-code-training/</link>
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		<title>How to improve by making good mistakes</title>
		<description><![CDATA[The objective, Tim Harford says, is not to assume you can solve every complex problem objectively but to solve them by trial and error, by making good mistakes and learning from them. In this fascinating 18 minute talk Harford looks at economics, medicine and science to ask whether the world is just too complex to [...]]]></description>
		<link>http://www.langes.com.au/creditunion_mutual_law/2011/08/26/how-to-improve-by-making-good-mistakes/</link>
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		<title>Can you redesign your statements?</title>
		<description><![CDATA[Have a look what happens when designers try redesigning their home loan statement. Too hard, you say? Interestingly some of the things they are proposing will be required as part of the new Home Loan Key Fact Sheet to be required from 1 January 2012.]]></description>
		<link>http://www.langes.com.au/creditunion_mutual_law/2011/08/22/can-you-redesign-your-statements/</link>
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