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Allens advises Vocus Group on $3.5bn acquisition
News 24 Jun 2021

Macquarie Infrastructure and Real Assets (MIRA) and Aware Super comprised the consortium that agreed the take-private transaction for Vocus Group in a deal valued at approximately $3.5 billion. Voc ...

Good news for pharmaceutical innovators – Federal Court confirms patent term extensions should be based on patentee's own product
Insight 22 Jun 2021

In the appeal decision Ono Pharmaceutical Co, Ltd v Commissioner of Patents [2021] FCA 643 (the Ono decision) the Federal Court has overturned the decision of the Australian Patent Office and confirmed that an application for patent term extension (PTE) should be based on the patentee's own product, not that of a third party or competitor product. ...

Mandatory FIRB approval thresholds for acquisitions in Australian entities
Insight 23 Jun 2021

On, 1 January 2021 significant changes came into effect to Australia's (FIRB) remine.  To help you navigate the complexities of these new rules we have compiled a summary of the thresholds for determining whether a proposed acquisition of equity interests triggers an obligation to obtain 'FIRB approval' under the Foreign Acquisitions and Takeovers Act 1975 (Cth) (FATA). ...

WA Government passes Security of Payment reforms
Insight 23 Jun 2021

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. ...

ACCC calls for significant reforms to the Murray-Darling Basin water markets
Insight 21 Jun 2021

The Australian Competition and Consumer Commission (ACCC) has released the final report of its inquiry into the Murray-Darling Basin (Basin) water markets. ...

Future revenue opportunities anticipated in the Post-2025 National Electricity Market
Insight 17 Jun 2021

The Energy Security Board's Post 2025 Market Design Options Paper provides a peek into a future where the system services required to ensure a stable and secure National Electricity Market are unbundled; creating opportunities for market participants to capitalise on alternative revenue streams. ...

Transferring jurisdiction over schemes from the courts to the Takeovers Panel
Insight 17 Jun 2021

In the federal budget, the Treasurer announced funding for a public consultation process to consider broadening the jurisdiction of the Takeovers Panel to include members' schemes of arrangement. The idea of transferring jurisdiction over schemes from the courts to the Panel is not a new one. ...

Simplifying standards: trusted overseas product safety standards to be adopted in Australia
Insight 15 Jun 2021

The Federal Government has announced it will begin consulting on amendments to the Australian Consumer Law (ACL) which would allow businesses to rely on compliance with certain trusted overseas product safety standards (in lieu of the equivalent Australian standard) when supplying products to the Australian market. ...

The 'Say On Climate' - what do boards need to know?
Insight 16 Jun 2021

As we enter the 2021 AGM season, it is clear that climate-related issues will remain a key focus for listed entities and their shareholders. ...

Gas pipeline reforms update
Insight 10 Jun 2021

The Energy National Cabinet Reform Committee has released a Decision Regulation Impact Statement (DRIS) identifying a proposed package of reforms for gas pipeline regulation in Australia. ...

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