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The first major overhaul of Australia's corporate insolvency regime in more than 30 years
Insight 10 Oct 2022

On 28 September 2022, the Federal Government's Parliamentary Joint Committee on Corporations and Financial Services (Committee) announced an inquiry into corporate insolvency in Australia (Inquiry). The Inquiry is the first major review of Australia's corporate insolvency regime in more than 30 years. ...

Allens advises Evolution Mining on long-term renewables-backed power supply
News 10 Oct 2022

Under the terms of the agreement a portion of the power will be renewable with scope to increase the amount of renewable energy over time, supporting Evolution's commitment to reducing its energy ...

The resurrection of rise and fall mechanisms in infrastructure contracts
Insight 06 Oct 2022

Against the backdrop of the war in Ukraine, ongoing supply chain challenges associated with COVID-19 and a red-hot infrastructure market, 2022 was the year that Australian contractors firmly rejected the traditional approach to input cost risk allocation. ...

Further updates to cessation of remaining LIBOR settings
Insight 05 Oct 2022

On 29 September 2022, the UK LIBOR regulator, the FCA, announced it will no longer require publication of one-month and six-month GBP LIBOR beyond 31 March 2023. ...

Significant changes to unfair contract terms laws and higher penalties for competition and consumer law breaches
Insight 05 Oct 2022

This Insight provides an overview of proposed changes in the reforming legislation, including the amendments to the UCT regime and the increased penalties under the CCA and ACL. Given the imminent passage of these reforms, now is the time to prepare your organisation for the changes and review and amend any potentially problematic standard form contracts. ...

Third layer of greenhouse gas emissions regulation to apply to some NSW operations
Insight 29 Sep 2022

The NSW Environment Protection Authority (the EPA) recently released a draft Climate Change Policy (the policy) and Action Plan 2022–25 (the plan) for public consultation. In this Insight, we look at three key measures proposed in the plan that could have a significant impact on industry. ...

What the new duty to act on psychosocial risks means for NSW employers
Insight 29 Sep 2022

The recent passage of the Work Health and Safety Amendment Regulation means that employers will soon have a more explicit duty to eliminate or minimise workplace psychosocial risks. In this Insight, we look at the genesis of the changes, as well as the NSW Regulation, and its interrelation with sexual harassment and bullying. ...

Australian Infrastructure Investment report 2022
Insight 28 Sep 2022

Australia’s mature and stable market has maintained investor confidence and continues to be a leading destination for investment. However, investors face a range of challenges, particularly supply chain constraints and economic instability, due to rising inflation and higher costs of borrowing. ...

Western Australia to forge its own oil and gas decommissioning path
Insight 27 Sep 2022

In news that will be of particular interest to petroleum titleholders and prospective titleholders in Western Australia, the Department of Mines, Industry Regulation and Safety has released a draft discussion paper outlining expectations for the decommissioning of onshore and state waters petroleum assets. Submissions on the Draft Discussion Paper close on 18 November 2022. ...

Legislating net zero - the key implications of Australia’s Climate Change Act
Insight 26 Sep 2022

While the Climate Act may appear symbolic in nature, it establishes a new policy platform and could have implications for the proponents of new projects in the resources and transport sectors in Australia. In this Insight, we summarise the Act and its key implications for Australian businesses. ...

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