1231-1240 of 2703 results
WA Government passes Security of Payment reforms
The statutory right to receive payment claimed and the rapid adjudication process, amongst other changes introduced by the Building and Construction (Security of Payment) Act 2021 (WA) (Act), will govern construction contracts entered into after commencement of the Act. ...
Recovering settlement amounts arising from misconduct of an employee and setting off against statutory entitlements
The Full Federal Court of Australia has decided that an employer could not only recover amounts paid to settle proceedings arising from the misconduct of a former CEO, but could also set off those amounts against the statutory entitlements that were owed to that individual upon their dismissal. ...
Toksave - PNG regulatory update: Twinza suspends Pasca A offshore operations and other developments
Twinza suspends Pasca A offshore operations; public consultation on new Digital Transformation Bill commences; Parliament adjourned to August 2021; and other developments ...
Allens advises Santos on Darwin LNG and Bayu-Undan sale
Allens has advised Santos Limited on the sale to SK E&S of a 25 per cent interest in the Darwin LNG facility and the Bayu-Undan gas fieldUS$390 million. The completion of the sale was announced by Santos on 30 April 2021. ...
Allens advises on US$2.5 billion LNG infrastructure investment
The deal sees GIP acquire an effective 26.25 per cent interest in the common facilities, which include LNG storage tanks, jetties and operations infrastructure servicing Queensland Curtis LNG's ...
Proposed changes to Credit Risk Management Prudential Standard (APS220)
In the absence of the Responsible Lending Obligations, lending by Australian banks will be regulated by APRA. This means the new Credit Risk Management Prudential Standard (APS220) will be the central legislative guidance in designing consumer assessment and lending protocols. ...
Australia's second shareholder class action judgment
In the wake of Crowley v Worley Limited, Australia's first two shareholder class action judgments highlight the significant risk that applicants, and the litigation funders that support them, take when pursuing such claims to trial. Neither judgment sounded in any award of damages for shareholders. ...
Impact of COVID-19 on superannuation
Like all industries, the superannuation industry is facing some immense challenges in light of the rapidly developing COVID-19 pandemic. This Insight considers some of the more topical issues the industry is facing ...
Full Federal Court dismisses ACCC appeal against Pacific National rail merger ruling
The Full Federal Court has dismissed the ACCC's appeal against Aurizon's proposed sale of the Acacia Ridge rail terminal to Pacific National. The ACCC is using this outcome to advocate for merger law reforms. ...
Procurement update – when can government abandon a procurement process and what are the consequences? Considerations from the UK
The United Kingdom High Court (the Court) recently handed down its judgment in Amey Highways Ltd v West Sussex County Council, which considered the abandonment of a government procurement process following a breach of relevant procurement regulations by a public agency. For government departments and agencies in particular, this case clarifies when a public agency can abandon a procurement process and what remedies may be available to bidders in these circumstances. ...