
Publication
What are the safety and employment issues for consideration regarding the vaccine?
There a number of safety and employment issues for consideration regarding the vaccines. These issues primarily arise under work health and safety laws.
Australia | Publication | June 14, 2019
APRA’s recently released Information Paper, regarding the recent self-assessments undertaken by financial institutions, indicates focus areas for APRA in the upcoming period of regulatory supervision.
APRA called for self-assessments on a range of ADIs, insurers and super funds and asked those entities to assess their present capabilities in non-financial risk management as well as in matters of culture and governance. APRA released the paper to further assist the sector in addressing the challenges of embedding effective risk governance practices within their organisations.
APRA observed some key emerging themes from the self-assessments:
Significant uplift is required across industries to bring governance and the management of non-financial risks to an appropriate standard. APRA – 22 May 2019
In a clear signal to the sector, APRA foreshadowed increased supervisory intensity for governance, accountability and culture for all regulated institutions. Given Hayne’s robust commentary on the performance of regulators, we can expect APRA to walk the talk on this.
The questions for institutions to now ask themselves include:
There is no doubt that regulatory focus on whether institutions are proactively improving the management of non-financial risk, and prioritising risk culture, governance and remuneration will continue to sharpen. There is also no question that, in this regard, all organisations – and particularly financial institutions – must be able to demonstrate, both to regulators and, increasingly, the public, an effective and continuing response to these challenges.
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There a number of safety and employment issues for consideration regarding the vaccines. These issues primarily arise under work health and safety laws.
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Back in October 2020, we highlighted the Australia’s Foreign Relations (State and Territory) Arrangements Bill 2020 and summarised how it would impact governments and other bodies such as public universities, including some of the practical considerations that might need to be considered in dealing with foreign government entities.
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In January, the United Nations Environment Programme (UNEP) published a summary of the status and trends in climate change litigation, in cooperation with the Sabin Center for Climate Change Law titled, ‘Global Climate Litigation Report: 2020 Status Review’ (the UNEP Report).
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