In its latest compliance update, ASX reiterated that entities in financial difficulty (including with respect to their debt arrangements) will receive no special treatment. On earnings guidance, it was acknowledged that many listed entities have taken the opportunity to withdraw guidance issued before the outbreak of COVID-19. ASX also strongly encouraged entities to review their published guidance in light of COVID-19 and to either update it if it was not current or withdraw it in this highly uncertain climate. ...

ASIC and APRA have written to all RSE licensees, reminding trustees of their continuing obligations, in light of COVID-19. ...

The World Health Organization declared the coronavirus disease 2019, or 'COVID-19', a global pandemic on 11 March 2020. As of 16 April 2020, most countries around the world have reported cases of COVI ...

First case of Covid-19 and state of emergency announced in PNG; significant proposed changes to Income Tax Act; Phase 2 of Kumul submarine cable network project initiated; and new tariffs and service standards for ports. ...

In this update we summarise the progress of existing rule change requests across December 2019 and January 2020 and take a closer look at the Federal Government's proposed offshore clean energy infrastructure regulatory framework. ...

In this case, the New South Wales Court of Appeal considered the terms of a conditional contract for the sale of land, and whether the purchaser's 'step-in' right qualified the vendor's right to rescind ...

This case affirms the principle that the question of whether personal performance of a contract is required is one of construction of the contract, and that personal performance may be required even in circumstances where performance of the contract requires no specific personal skill. ...

'fetter doctrine' is the ability to enter into enforce, contracts with governments is complicated by the principle that governments cannot fetter the future exercise of their discretionary powers. ...

In Donau Pty Ltd v ASC AWD Shipbuilder Pty Ltd, the New South Wales Court of Appeal considered the circumstances in which a party, which has a right to terminate a contract, might lose that right. In particular, the court considered when the right might be lost due to an election to affirm a contra ...

In this case, the NSWCA considered the nature and extent of the doctrine that a government or public authority may not fetter the future exercise of discretionary powers reposed in the executive or a public authority. ...