Insights

ATO to provide guidance for new financial reporting requirements of significant global entities

As part of a wider effort to combat corporate tax avoidance and improve the transparency of multinational companies’ financial affairs, in late 2015 the Australian Parliament amended existing...

More
Continuous Disclosure Shareholder Class Actions in Australia

Shareholder class actions for alleged breaches of a listed company’s continuous disclosure obligations are an established part of the Australian legal landscape with more than 50 shareholder class...

More
PPSR registration – Route [1]66 now closed

The New South Wales Supreme Court has found that a secured party can't rely on its own mistake when registering on the PPSR to claim that the defective registration “temporarily perfects” its...

More
AFS licensing exemption under the FFSP Class Orders - reporting and disclosure requirements

Foreign financial service providers (FFSPs), that provide financial services to wholesale clients in Australia relying on one of the FFSP Class Order exemptions from holding an Australian financial...

More
Acumen Federal Budget Special Edition 2017

This special edition of Acumen discusses the key taxation reforms for business announced on the evening of 9 May 2017 by Treasurer Scott Morrison in the 2017 Australian Federal Budget.

More
2016 AGM Season Survey Results

At the conclusion of the 2016 AGM season, we conducted our annual survey of remuneration report voting for S&P/ASX 1001entities.

More
Linc Energy (In Liq): Liquidators obliged to prioritise State environmental laws despite disclaimer

The decision of Jackson J has wide-ranging consequences for the insolvency industry, as the outcome effectively relegates (at least in QLD) liquidator remuneration, employee entitlements and all...

More
Pari Passu now the norm in trust distributions

Section 433 of the Corporations Act 2001 (Cth) (the Act) concerns the payment to employees as priority creditors by a receiver from the assets subject to a circulating security interest. This...

More
Options and risks: extending time for commencing or serving proceedings

There are a number of reasons why liquidators might want to slow things down when it comes to commencing or prosecuting proceedings. A liquidator might want more time to fully investigate certain...

More
Foreign Bribery Update – April 2017

This Update covers a range of important developments in Australia and overseas in the area of foreign bribery policy, investigations and regulation to 1 April 2017. These developments will impact...

More
Review 2017

More
Acumen March 2017

More
Managing design risk through ‘fit for purpose’ warranties

Good design is critical to the overall success of any complex engineering or construction project. Sophisticated designs can produce a host of economic, environmental or social benefits, including...

More
What to do when ASIC comes knocking: failure by liquidators to lodge public notifications and other

The PNW Project aims to test all registered liquidators’ compliance with the requirement to publish certain notices on ASIC’s “published notices website” and to lodge forms with ASIC.

More
The push to increase penalties for breaches of the Australian Consumer Law

The ACCC has announced its intention to pursue higher penalties for breaches of the Australian Consumer Law (ACL).

More
Roadmap for blockchain standards

The media is abuzz when it comes to blockchain technology and its ability to transform the way industries do business.

More
Lack of likely recovery leads to refusal of leave to proceed against company in liquidation

A recent decision by the Federal Court of Australia may be useful for liquidators faced with an application to commence or continue civil proceedings against a company in liquidation.

More
New Country of Origin Labelling Laws are here – are you ready?

The Competition and Consumer Amendment (Country of Origin) Bill 2016 (Bill) was passed by the Senate on 8 February 2017 and will commence the day after it receives royal assent, which is imminent.

More
The risks of claiming you are “No 1” in the industry

On 13 February 2017 the Federal Court delivered its decision in relation to whether claims made by Domain Group (‘Domain’) that it had the “#1 property app in Australia” were misleading or...

More
Signing documents in the digital age

As technology advances, opportunities to update business practices are offered. However, the law is often one step behind, making it difficult for companies to employ new efficient business...

More
Liquidators’ remuneration – Court of Appeal puts ad valorem in its place

A spate of recent decisions approving liquidators’ remuneration on an ad valorem basis had caused some trepidation amongst insolvency practitioners facing the prospect of court fee approval.

More
Dispute Resolution Update: Q1 2017

There have been a number of significant developments in the Dispute Resolution team.

More
Lease or licence: know the difference

We are regularly asked the following questions: Does our company need a lease or will a licence suffice? We have excess space. Should our company sublet it or grant an occupancy licence to a third...

More
New rules for the apportionment of petroleum recovered from pools straddling Commonwealth and State

Recent amendments to legislation aim to improve functionality regarding entering into petroleum agreements, even if relevant geological information is not fully known.

More