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Changes in PNG's energy laws
On 21 April 2021, the PNG Parliament passed the National Energy Authority Act 2020 and the Electricity Industry (Amendment) Act 2020. In this Insight we examine the changes made and assess their likely impact on the energy industry. ...
Allens advises Bluestone and Cerberus on $2bn fintech funding deal
Allens has advised Bluestone Mortgages and Cerberus Capital Management L.P. on a funding partnership to provide up to $2 billion of whole-loan funding to Athena Home Loans over the next three years. ...
Key developments for APRA-regulated entities in managing climate risks
Recently released guidance from the Australian Prudential Regulation Authority (APRA) and two new barrister opinions re-emphasise the need for banks, superannuation trustees, insurers, and other organisations, to respond to, and appropriately manage, financial risks associated with climate change. ...
The new 'fit-for-purpose' electricity system – four critical reforms
The uptake of small and large-scale renewable energy, and the growth of demand-side technologies, has necessitated a new, fit-for-purpose electricity system that can recognise and respond to the changing energy landscape. In this insight, we discuss the key changes from the ESB. ...
Allens advises on Australia's largest sustainability-linked loan
The facility is the largest SLL announced in Australia to date, and sees the Fund become the first Australian REIT to apply a SLL framework to all its bank facilities. Under the SLL, sustainability ...
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 ...
Worker not immune to job loss
The Fair Work Commission (FWC) has upheld the dismissal of an employee who refused to comply with a mandatory influenza vaccine policy, however made the observation that this decision turned on the facts of this particular case and the industry in which the employee worked. ...
Casuals – requirement to provide casuals with a FWO information statement
The Fair Work Ombudsman (FWO) has issued guidance regarding the recent amendments to casual employment in the Fair Work Act 2009 (Cth). ...
Superannuation rate increase
The Superannuation Guarantee rate is scheduled to increase from 9.5% to 10% on 1 July 2021, although a final decision will be made in the May 2021 Budget. ...
High Court confirms no right of entry without permit
The High Court has refused to allow an appeal against a Full Federal Court decision that union officials must hold a valid federal right of entry permit when entering sites under state work health and safety (WHS) laws. ...