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Competition law update
In touch Competition law update is a regular publication by the Allens Competition Law group to keep you informed of the latest news and developments in this area ...
Queensland reviews mining lease objection process and land access regime
As part of its ongoing initiative to reduce red tape and streamline application and approval processes for the resources industry, the Queensland Government has released two discussion papers simultaneously proposing amendments to the objection regime for mining leases and regulations ...
New Regional Planning Interests regime adopted for resources activities in Queensland
Queensland has a new planning approval process for resources activities and regulated activities in areas of regional interest following the passage of landmark legislation The new approvals regime may have implications for existing and future resource projects Partner Bill McCredie and Senior ...
100 member rule to be abolished
The 100 member rule for convening company meetings will be abolished under legislative amendments introduced into Parliament this week following consultation by the Federal Government on draft legislation earlier this year Proposed streamlining of remuneration disclosure obligations is also still ...
Broader reform themes evident in ASIC's forestry schemes submission
ASICs Senate submission on forestry schemes has emphasised important regulatory reform themes with implications for managed investment schemes and financial services regulation more generally Partner Marc Kemp Consultant Derek Heath and Lawyer Patrick Boyle report ...
New developments in Mongolia - government restructure and new permitting regime
The Mongolian Government has been particularly active in the first half of October introducing changes to Ministerial responsibilities and a draft Law that if enacted would reform the nations permitting regime These developments will be of interest to existing and prospective investors in Mongolia ...
Directors' duties and the interests of 'APRA beneficiaries'
The interim report of the Financial System Inquiry FSI asks whether directors in different parts of the financial system should have different duties ...
ASIC's enforcement decisions - is litigation the most effective deterrent?
We have previously reported on ASICs submission to the Financial System Inquiry FSI and in particular its assertion that it needs a broader range of more onerous financial penalties in order to punish and deter corporate wrongdoing ASIC made similar submissions to the recent inquiry by the Senate ...
Federal Court rules liquidator needn't account for tax on sale of assets
The Full Federal Court has held that a liquidator has no obligation to retain monies on account of tax until a notice of assessment has been issued While the decision is a win for taxpayers and creditors of insolvent entities it remains to be seen how the Commissioner of Taxation will respond ...
First phase of new PNG environmental regime may commence as early as next week
The Papua New Guinea Government has indicated that the first phase of PNGs new environmental regime may commence as early as 1 December 2014 Senior Associate Ryan Warokra reports on the impact the new legislation will have ...