New Australian consumer payments regulation likely

Significance Market sectors under scrutiny include buy-now-pay-later (BNPL) platforms, cryptocurrency exchanges and digital wallets. All have seen a recent leap in popularity, driven in part by COVID-related concerns but mostly by the mainstream interest in alternative payment methods, leaving regulators concerned. Impacts The Treasurer is likely to gain extended powers to plug gaps in regulatory policy and address convergence issues. Liquidity concerns over cryptocurrency trading could be overcome through a central bank digital currency. Concerns over lost tax revenue and consumer protection, as well as the need to contain market risk, are driving reform efforts.

POLISH REGULATORY POLICY AIMED AT COUNTERACTING ALCOHOLISM AS AN ELEMENT OF ENSURING SAFETY IN TOURISM – THE CASE OF TRAVEL INSURANCE

Purpose. The aim of the article is to assess whether the current legal framework on travel insurance contracts allows the regulations in question to be included in the legal instruments that both ensure safety in tourism and constitute an element of the regulatory policy aimed art counteracting alcoholism and the negative effects of alcohol consumption. Method. The main method used in the submitted article is the legal dogmatic method, which, however, is not used in the strict sense. Additionally, analysis of the normative text is supplemented with the author's independent reference to judicial decisions and legal doctrine. Findings. Analysis of legal regulations and judicial decisions allows to indicate that the structure of travel insurance makes it an element of the regulatory policy aimed at counteracting alcoholism. Accidents can often be classified as insurance events within the meaning of various types of insurance contracts, including travel insurance. Therefore, the structure of these agreements cannot assume the form of a specific sanction for alcohol consumption. However, to ensure the fullest possible safety in tourism, insurance events of this type should not be excluded from the liability of insurers without deeper reflection on the purpose of this kind of protection, also within the context of the policy aimed at counteracting addictions and their effects on health and life. Research and conclusions limitations. The legal analysis is focused on the Polish legal regulation of the issue. Practical implications. The conducted research may be an indication for the creation of mandatory regulations regarding travel insurance contracts, as well as the content of the contracts themselves and general insurance conditions. Originality. Research on regulatory policy that is rarely of interest to legal scientists. Type of paper. In the article, theoretical concepts are presented. This text is an overview in nature.

Omnibus Law on Job Creation and Resilience Prospects of Indonesian Migrant Workers

The Omnibus Law on Job Creation has repealed two regulations and amended at least 80 (eighty) other laws since it was officially promulgated on November 2, 2020. Four laws are particularly affected in the labor cluster, including regulations pertaining to Migrant Workers, which have not been widely explained. The purpose of this paper is to explain the dynamics of Indonesian Migrant Workers (IMW) regulatory policy as well as several issues in the omnibus law on Job Creation. To further analyze and describe the Omnibus law's implications for IMW resilience. This research, as a policy study, makes use of secondary data in the form of statutory regulation and literature. The data were analyzed using conceptual and normative approaches, and the results were presented in a descriptive-qualitative format. According to the findings, IMW's regulatory policies included international policies emphasizing the recognition of migrant workers' rights. Meanwhile, at the national level, IMW protection policies are governed by a specific law that has evolved over time to be more accommodating to their needs. The presence of the Omnibus law, however, has changed and loosened the licensing provisions in the law for Indonesian Migrant Worker Placement Companies (P3MI), which has an impact on IMW's vulnerability. As a result, rather than being progressive, the omnibus law on Job Creation reduces the prospect of resilience for Indonesian migrant workers.

Implementation of Regulatory and Supervisory Policy Authority in the Establishment of Internal SOP Against Credit Fraud in Indonesian Banking

Banking is one of the drivers and centers of a country's economy. Based on the authority they have, it is not surprising that the risk held by banks is very high. Therefore, banking is one of the business sectors that have very strict supervision. This paper discusses how the implementation of regulatory policy authorities applicable in Indonesia related to the establishment of internal banking Standard Operating Procedures (SOPs) in minimizing the potential for credit fraud and how internal and external supervisory authorities can become benchmarks in supporting the creation of anti-fraud policies, especially in credit fraud. There are two main factors that can create a potential credit fraud chain that leads to financial statement fraud: first, delays in updating regulatory policies; and second, ineffective and insensitive internal and external banking supervision. In addition, there needs to be a certain regulatory policy that deals with credit fraud, whether issued by the government, Bank Indonesia, OJK or internal Banking SOP itself.

FAULT TREE ANALYSIS (FTA) - FORMAL SAFETY ASSESSMENT (FSA) IN SHIP REPAIR INDUSTRY A MADE EASY APPROACH

Fault tree-Formal Safety Assessment (FT-FSA) is the premier scientific method that is currently being used for the analysis of maritime safety and for formulation of related regulatory policy. To apply FSA in this paper, all five steps are considered and critical information highlighted in each step as reviewed in the literature. A novel 15 steps approach of FT-FSA is introduced in the systematic accident scenario considered in this study as emergent phenomena from variability and interactions in shipyard (considered as a complex system).The results of this paper will be useful for guidelines and regulatory reforms in ship repair industry as demonstrated by identifying ‘fall from height in ship repair occupational hazards’ for recommendation in decision making.

Does Long-Term Care Policy Enable or Limit Volunteers’ Roles in Enhancing Resident Quality of Life?

This paper examines how volunteer roles are represented in Canadian long term care (LTC) policy in four Canadian jurisdictions, attending to how these regulated roles might impact resident quality of life. Overall, we found that policies define volunteer roles narrowly, which may limit residents’ quality of life. This happens through (1) omitting volunteers from most regulatory policy, (2) likening volunteers to supplementary staff rather than caregivers with unique roles, and (3) over-emphasizing residents’ safety, security and order. We offer insights into promising provincial policy directions for LTC volunteers, yet we caution against further regulating volunteers. Instead, we argue, addressing the cultural, social and structural changes required for volunteers to enhance LTC residents’ quality of life effectively.