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Allens advises on Investa Commercial Property Fund capital raising
ICPF's portfolio includes 15 office assets, including premium buildings such as Deutsche Bank Place, Sydney; 60 Martin Place, Sydney; and 120 Collins Street, Melbourne. 'We were delighted to work ...
Double-duty provisions to receive much needed guidance on what constitutes 'land development'
The Victorian SRO has released a draft revenue ruling in an effort to provide practical guidance as to what types of activities constitute 'land development'. Unfortunately, the Draft Ruling does not overcome the existing uncertainty in some common situations and arguably seeks to expand the types of activities that may be considered 'land development'. ...
Use of stub equity in control transactions
ASIC has released its response to the submissions on its June 2019 Consultation Paper on certain aspects of the use of stub equity in control transactions, and the news is mostly positive. ...
Nucleus – corporate law developments: Second tranche of draft FIRB reforms; ASIC Corporate Plan for 2020-24; High Court clarifies personal/carer's leave entitlements; and other corporate law developments
Second tranche of draft FIRB reforms released; ASIC releases Corporate Plan for 2020-24; ASIC grants relief for escrow and non-promotional communications for IPOs and updates RG5 and RG254; High Court sides with employers and clarifies personal/carer's leave entitlements; ACCC releases ninth interim gas inquiry report; extension of temporary COVID-19 continuous disclosure and insolvency relief measures; ALRC reports on Australia's corporate criminal responsibility regime. ...
Superannuation trustees and 'efficiently, honestly and fairly'
The Federal Court has made declarations that two superannuation fund trustees contravened ss912A(1)(a) (efficient, honest and fair obligation) and 1041H (misleading or deceptive conduct) of the Corporations Act, and s12DA (misleading or deceptive conduct) of the ASIC Act. ...
Insolvency reforms to support small business
The Commonwealth government announced a package of reforms directed at streamlining insolvency processes for small business. Our analysis on the issue from our insolvency and restructuring experts. ...
Summary of proposed reforms to FIRB regime – Tranche 2 Regulations
On 18 September 2020 the Federal Government released exposure drafts of the 'Tranche 2 Regulations' to amend Australia's foreign investment laws. This follows the release on 31 July 2020 of the 'Tranc ...
Reimagining Australian cities
Cities are always changing, but with 71% of our population now living in major cities,1Â there is an increasing focus on how our cities will emerge from the pandemic and how we can provide the greatest social and economic benefits for all Australians. Hear more from our experts. ...
'Winding back' responsible lending obligations
The Government announced a simplification to Australia's consumer credit regulatory regime, which has been widely reported as a 'wind back' or 'axing' of the responsible lending obligations (RLOs) under the National Consumer Credit Protection Act 2009 (Cth) (Credit Act). Learn more from our experts. ...
Standing down employees during COVID-19?
Recent decisions of the Fair Work Commission (FWC) provide valuable insights for employers considering standing down their employees to ensure the ongoing viability of their business during COVID-19. This Insight considers cases arising out of decisions by employers to reduce their employees' working hours to zero. ...


