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Competition news
In Touch looks at what's been happening in Competition this month and what it means for your business ...
Government unveils proposed changes to competition laws
The Federal Government today released its much anticipated exposure draft ...
LNG destination clauses under scrutiny by Japanese competition regulator
Part of the Japanese Ministry of Economy Trade and Industrys strategy for LNG market development which aims to achieve stability in LNG supply and lower prices is to abolish or relax destination clauses with the view that this would lead to lower prices through increased reselling and arbitrage ...
Adani clears latest hurdle in Carmichael Mine approval
The Supreme Court of Queensland has upheld the decision of the Chief Executive of the Queensland Department of Environment and Heritage Protection to issue an environmental authority for the Carmichael Mine In dismissing an application for judicial review by one of the mines objectors the Supreme ...
Amending the misuse of market power prohibition
On 1 December 2016 the Federal Government introduced a Bill to Parliament to amend section 46 of the Competition and Consumer Act 2010 Cth which prohibits the misuse of market power The Bill adopts the recommendations of the Harper Review ...
Road map to anti-money laundering and counter-terrorism financing reform
The Federal Attorney-Generals Department has released its draft Project Plan for the implementation of the wide-ranging recommendations arising from the recent statutory review of Australias anti-money laundering and counter-terrorism financing regime Partner Peter Haig Associate Andrew Shetliffe ...
Worth the wait? Release of draft mandatory data breach notification laws
Following a period of industry consultation the Federal Government has introduced updated legislation that will introduce a mandatory data breach notification scheme The new Bill will amend the Privacy Act 1988 Cth when it comes into force and will apply to all Australian companies currently subject ...
Supreme Court of WA sends EPC contractor back to arbitration
In Samsung CT Corporation v Duro Felbuera Australia Pty Ltd the WASC had to carefully consider the role that Australian courts play when there is a dispute over the existence and scope of an arbitration agreement ...
New wind farm planning code and guideline for Queensland
The Queensland Government has announced a new wind farm planning code that shifts the responsibility for assessing wind farm developments from local governments to the State Government and provides a consistent approach to assessing wind farms across the State Partner Bill McCredie Associate David ...
Financial advice and fees - ASIC reports
ASIC released its report Financial advice Fees for no service today It says that there has been a systemic failure by advice licensees within some of the major banks and AMP to provide ongoing advice in return for ongoing fees The report relates chiefly to arrangements between licensees and clients ...