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WA: Key things you need to know about the proposed changes to the Environmental Protection Act 1986 (WA)
Insight 11 Jun 2020

On 16 April 2020, the Environmental Protection Amendment Bill 2020 (WA) was introduced to the WA Parliament. ...

New Victoria reforms: enhancing the security of gas supply
Insight 12 Jun 2020

Gas regulation in Victoria is set for major reform after the Government introduced two new bills aimed at enhancing the security of gas supply for the State. ...

Amendments to PNG Mining Act and Oil and Gas Act
Insight 18 Jun 2020

The Parliament of PNG has passed a series of amendments targeting the mining, oil and gas industries. We examine the significance of these amendments and the likely next steps.  ...

Major changes to Queensland petroleum royalties scheme
Insight 19 Jun 2020

The Queensland Government has announced major reforms to its petroleum royalties regime which will come into force from 1 October 2020. This, and the royalty rates ultimately set, will have implications for the future returns on Queensland petroleum projects. Producers should also review any existing private arrangements that may have relied on the existing wellhead value approach to ensure any unanticipated consequences are resolved prior commencement of the new regime. ...

Independent review recommends fundamental reform of the 'archaic, ineffective' EPBC Act
Insight 11 Aug 2020

The Interim Report of the once-in-a-decade review of the Environment Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act) has recommended major reforms, finding the EPBC Act to be archaic, ineffective and inefficient. ...

Buyers and sellers beware! Expenditure deductions denied and gains taxed as income
Insight 19 May 2020

Recent decisions handed down by both the High Court and Federal Court in relation to the 'income/capital distinction' and 'blackhole expenditure' have produced a mix of predictable and unexpected, but generally unfavourable, outcomes for taxpayers. Most buyers have been denied deductions for the pur ...

Disclosure of climate-related financial risk: major change is imminent
Insight 25 May 2020

There has been a global proliferation of voluntary reporting standards that companies might adopt with respect to disclosure of climate change-related financial risk. ...

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 ...

Shareholder resolutions
Insight 25 May 2020

Shareholders are becoming increasingly aware of climate change risks. Since early 2017, both Australian and foreign companies have faced a wave of climate change-related shareholder activism. Ceres maintains a Climate and Sustainability Shareholder Resolutions Database, which at February 2020 showe ...

Just transition
Insight 25 May 2020

The 'just transition' is frequently used to refer to a framework for a transition to a low-carbon economy that takes into account the associated economic and social costs and opportunities. ...

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