Corporations Act 2001

If you are an APRA member and this is something that you're passionate about, and you are a bit sus on how APRA is distributing royalties, then jump on and have a look at this post and sign this.

The reason being, under the Corporations Act, 100 members can put resolutions on the AGM agenda, and APRA must circulate them to every member.

So what he's trying to do is, despite...

this license renewal is still advocate for and drive change.

There's, like, nothing written down.

There's, um, the Corporations Act, which was written in 2001.

Bitcoin was invented in 2009, so you got eight years without crypto, so it was never written with crypto in mind.

Like, I personally read this and tried to figure out, okay, if, if you give us your crypto and then, um, we pay you a yield for that, like, what, what is that kind of product? That sounds like a loan or a...

It's not like, you know, oh, we just fly by night, launch it overnight

And you studied finance as well, so you-

Yeah, and I knew how to read the Corporations Act, and also I've done what's back in the days RG 146, which is like financial advice training.

Uh, like I knew deeply about this area and, um, we got several lawyers to give us advice as well.

But it's become obvious to us now that we have to go to much other serious legislation.

Well, the Family Court or Division 1 of the Federal Circuit and Family Court of Australia has original jurisdiction under the Corporations Act.

So in the same way that a person might go to the Federal Court or to a state Supreme Court to invoke those remedies... that same person can come to the FC, FCOA Division 1.

And not in huge numbers, but insolvencies are making their appearance.

Yeah.

Um, the other thing that I would say is that the entire Corporations Act is based upon the concept of a licensee.

Everything.

You know, it, it's who's responsible for breach reporting, who's responsible for AFCA membership, um, right across the spectrum.

First point about a whistleblower complaint is when you get a complaint of any description from an employee, you really do need to assess whether it's whistleblower or not.

And there are criteria under the Corporations Act annual policies that will deal with that.

In terms of the identity of the whistleblower and the disclosing, I find that really regular contact.

Assuming that you, as the investigator, are able to contact the discloser, then regular contact with them about what is going to be put, even showing them, framing up allegations and saying, this is what we're putting, it may tend to identify you, are you comfortable with that? So it's a very interactive...