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Nucleus – corporate law developments: Regulators assess priorities and continue to respond in the wake of COVID-19; changes to Australia's continuous disclosure laws, FIRB regime and Fair Work Act; ASIC broadens its position and issues further guidance; ASX holds course on the CHESS replacement system; the ACCC continues to allow market coordination; Takeovers Panel guidance on equity derivatives delayed
Insight 09 Jun 2020

Regulators assess priorities and continue to respond in the wake of COVID-19; the Treasurer temporarily modifies the operation of Australia's continuous disclosure laws; ASIC broadens its position and issues further guidance; ASX holds course on the CHESS replacement system; comprehensive reform and further guidance on the temporary changes to the FIRB regime; the ACCC continues to allow market coordination; Takeovers Panel guidance on equity derivatives delayed; and more temporary amendments to Fair Work Act. ...

Productivity Commission report on resources sector regulation
Insight 11 Jun 2020

On 24 March 2020, the Productivity Commission released its draft report on resources sector regulation. ...

WA: Greenhouse Gas Emissions Guideline
Insight 11 Jun 2020

The Western Australian Environmental Protection Authority (EPA) has released its finalised Greenhouse Gas Emissions Environmental Factor Guideline (GHG Guideline). ...

NSW reforms to fix building defects – potential for indeterminate liability?
Insight 12 Jun 2020

The NSW Government has enacted new legislation imposing new obligations on design practitioners, engineers and builders and sees a fundamental shift in the relationship between these practitioners and owners as part of its reforms to the building industry. For all owners, builders and designers, we examine these changes and outline steps you can take now. ...

Officer without office: High Court rules persons can be company officers despite absence of official title
Insight 10 Jun 2020

The recent decision of the High Court of Australia in ASIC v King considers the meaning and scope of the term 'officer', as defined in s9 of the Corporations Act 2001 (Cth), and contains important if non-binding observations on how the term may catch bankers and other third parties. ...

Renewables in Vietnam
Insight 29 May 2020

The demand for electricity in Vietnam is rising rapidly to power the growing economy. Forcasts predict an annual growth rate for electricity of 'near-double' digits in the years to come. To keep pace with demand, the Government has envisioned substantial expansion to the national power generation ca ...

New SIC Guidelines and contributions reporting requirements
Insight 01 Jun 2020

The NSW Government is seeking feedback on a new set of guidelines for special infrastructure contributions (SIC Guidelines) and some proposed amendments to the Environmental Planning and Assessment Regulation 2000 (EPA Regulations) which will require greater reporting on the receipt and expenditure of contributions under local contributions plans and planning agreements. ...

Emissions regulation and liability – NGERs and the Safeguard Mechanism
Insight 25 May 2020

The National Greenhouse and Energy Reporting (NGER) scheme requires some companies to account for the scope 1 and scope 2 emissions they are responsible for. Scope 1 emissions are direct emissions for which a company is responsible, whilst scope 2 emissions are indirect emissions from the purchase o ...

Increasing climate litigation and shareholder action expected
Insight 25 May 2020

There is a growing trend for legal action against corporates, particularly energy companies and financial firms. Many commentators, including former Chief Justice French, have predicted a continued rise in climate change litigation in Australia. ...

The big picture: Australia's commitments under the Paris Agreement
Insight 25 May 2020

In December 2015, the parties to the United Nations Framework Convention on Climate Change (the UNFCCC) adopted a landmark agreement to combat climate change and to take steps to shift their economies towards a sustainable, low carbon future (the Paris Agreement). ...

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