MAC conditions have long been a feature of managing completion risk in public M&A transactions in Australia—utilising triggers based on either or both quantitative and qualitative measures. However, in 2022 ASIC published its concerns on the formulation of these conditions and, in particular, its expectation that MAC conditions include objective and 'quantifiable' triggers. ...

We examine the progress of new and existing rule change requests to the AEMC across July. We take a closer look at the AEMC's draft framework to apply an emissions reduction component to its rule-making and review processes in line with proposed changes to the national energy objectives. ...

It is now accepted that ESG risks need to be taken into account in the same way as any other investment-related risk for superannuation trustees, fund managers and institutional investors when developing and implementing their investment strategies (and in making individual investment decisions). ...

Updates to the State code 23: Wind farm development (proposed Code) and associated Planning Guidance (proposed Guidance) were released for public consultation on 7 August 2023. Submissions close on 4 September 2023. ...

Two recent decisions - Hornsby Shire Council v Commonwealth; and Landcom v Commissioner of Taxation - have rejected constitutional challenges to the notional goods and services tax (GST) voluntarily paid by the Commonwealth, states, local councils and statutory authorities. ...

Given the tight timeframes proposed, APRA regulated entities should begin to review their operational risk management processes and arrangements against draft CPS 230 – see our practical implementation guide here. ...

On 5 May 2021 the NSW Government introduced the Work Health and Safety Amendment (Industrial Manslaughter) Bill 2021 (the Bill), in a further step towards creating an industrial manslaughter offence in the state. ...

Papua New Guineas Conservation and Environment Protection Authority commences implementation of its new fee structure this year Partner Vincent Bull and Senior Associate Ryan Warokra look at the changes and how they will be administered ...

Allens has been ranked number one for deal value in Australasia in the Mergermarket M&A league tables for the first half of 2017. Allens acted on transactions with a value of more than US$20.5 ...

Allens has advised a consortium led by CK Infrastructure (CKI) on a proposed A$13 billion acquisition of listed Australian energy infrastructure business, APA. The deal has been structured by way o ...