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Toksave - PNG regulatory update: emergency Parliament sitting; K5.6 billion stimulus package passed; two-month extension of state of emergency; and other developments
Insight 06 May 2020

PNG Parliament convened urgent session and passed K5.6 billion stimulus package; 14-day state of emergency extended by another two months, to June 2020; new emergency laws enacted; Bank of PNG announced new monetary and fiscal measures; IRC granted tax exemptions; IPA waived certain company statutory obligations; superannuation funds announced proposed amendments to superannuation law; PNG Government refused extension of Barrick special mining lease; and proposed plan for freight subsidies for air and sea transport. ...

Treasurer temporarily amends continuous disclosure laws during COVID-19 crisis
Insight 26 May 2020

The Treasurer has used his emergency powers under the Corporations Act (the Act) to temporarily modify the operation of Australia's continuous disclosure laws. The Treasurer's release states that the changes are designed to enable listed companies to more confidently provide earnings guidance ...

What courts and regulators expect from corporate compliance
Insight 22 May 2020

The recent decision of ACCC v Bupa Aged Care contains valuable lessons on the importance of compliance programs. They include how quickly improving or implementing such programs can lead to lower penalties; the extent to which regulators and courts favourably view effective compliance programs when assessing penalties, and what features they consider to be essential. ...

Coverage of the Miscellaneous Award widened to cover some award-free employees
Insight 02 Jun 2020

From 1 July 2020, the Miscellaneous Award will cover a wide range of low-skilled and trade-qualified employees who were previously award-free. ...

JobKeeper insights from the FWC
Insight 02 Jun 2020

COVID-19 and the introduction of the JobKeeper scheme has had a critical impact on business. In a recent statement, the Fair Work Commission (FWC) shared valuable insights on the trends in disputes emerging in the early days of the scheme and how it will manage these cases moving forward. ...

The road back to workplaces – 10 safe workplace principles for managing safety risks
Insight 02 Jun 2020

As COVID-19 restrictions begin to ease, businesses preparing to transition their workers back to their usual workplaces need to keep in mind the 10 'National COVID-19 Safe Workplace Principles' (Safe Workplace Principles), announced by the Morrison Government on 24 April 2020, in managing their work health and safety (WHS) risks in light of the serious health risks associated with the COVID-19 pandemic. ...

Contract law update 2019
Insight 26 Mar 2020

The ability to enter into, and enforce, contracts with governments is complicated by the principle that governments cannot fetter the future exercise of their discretionary powers (known as the 'fettering doctrine'). ...

ACCC conditional interim authorisations
Insight 11 Jun 2020

Since 20 March 2020, the ACCC has granted a number of urgent interim authorisations across a range of industries allowing businesses to collaborate in response to COVID-19. ...

Greenhouse gas reforms under the Offshore Petroleum and Greenhouse Gas Storage Act
Insight 11 Jun 2020

On 28 April 2020, a number of amendments to the OPGGSA and the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003 (Cth) (Levies Act) came into force. ...

WA: North West Shelf State Agreement extended for 25 years
Insight 11 Jun 2020

The most significant impact of the Act is to extend the term of the State Agreement by a further 25 years from 31 December 2034 to 31 December 2059. ...

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