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ASIC issues hardship withdrawal relief to responsible entities
Insight 15 Sep 2020

In response to the COVID-19 pandemic, ASIC has provided relief reminiscent of the GFC to allow hardship withdrawals from frozen funds.  The COVID-19 version of hardship-relief goes further than its GFC predecessor in many respects. We provide an overview of the issue. ...

Using tech and data in a crisis – contact tracing
Insight 09 Apr 2020

Data analysis, and the technology that facilitates it, is currently playing a critical role in the global and national efforts to combat the COVID-19 pandemic. Alongside the front-line health response, it has become a core part of the daily calculations made by governments and health organisations. ...

Modern Slavery Bill passed - how can your business prepare?
Insight 03 Dec 2018

This Insight considers the key implications of the passing of the Federal Modern Slavery Bill for businesses stakeholders ...

Corporate governance beyond shareholder interests
Insight 14 Aug 2018

The proposed 4th edition of the ASX Corporate Governance Principles amp Recommendations includes substantial changes to Principle 3 Instil the desired culture to focus squarely on social licence to operate with stronger reference to stakeholders beyond shareholders and specific recommendations on ...

The revival of the Retailer Reliability Obligation
Insight 20 Nov 2018

In the wake of the last COAG Energy Council meeting at which it was agreed the National Energy Guarantees reliability component should be progressed new draft legislation gives effect to a Retailer Reliability Obligation Partner Anna Collyer and Associate Luisa Colosimo report ...

Landholder duty risks associated with international transactions surface in Crocodile Gold case
Insight 17 Jun 2015

Corporate mergers and acquisitions commonly involve changes to entities that comprise a corporate group the holding of property within that group and the ultimate beneficial ownership of that group Even if those changes occur entirely outside Australia Australian landholder duty may be payable and ...

Confirmation of FATCA Status of Australian Superannuation Funds
Insight 16 May 2014

The Intergovernmental Agreement between Australia and the United States in relation to the implementation of the FATCA regime has been signed. ...

Registered schemes' constitution
Insight 03 Jun 2016

ASIC has said it will grant relief to assist responsible entities RE of registered schemes to make changes to their constitutions to qualify for the new attribution managed investment trust or AMIT regime without holding a unitholders meeting Partner Marc Kemp and Law Graduate Antonia Ross review ...

Allens publishes Australia's first AI legal benchmark
News 31 May 2024

The benchmark suggests that while LLMs can summarise well-understood areas of law effectively, they should not be used for dispensing Australian law advice without expert human supervision due to ...

Optus class action privilege claims rejected
Insight 31 May 2024

The Full Federal Court has refused Optus' appeal from a Federal Court decision rejecting its legal privilege claim over a factual investigation report commissioned in response to a data breach, on the basis that Optus had not established that the report was prepared for the dominant purpose of legal ...

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