Exposure draft legislation and explanatory materials for a diverted profits tax have been released by the Federal Government Targeted at multinational groups transferring profits to offshore associates the measures will give the Commissioner of Taxation a power to issue assessments at a punitive ...

Over the past fortnight both the Federal and Victorian Governments have made progress in climate change policy and regulation with the Federal Government announcing its terms of reference for the 2017 climate change policy review and the Victorian Government tabling its new Climate Change Bill 2016 ...

The Governments main changes to superannuation have been passed by Parliament We look at what this means for the superannuation industry and for you. ...

The lifecycle of a startup includes many milestones ndash the first strategy meeting the first investment round and at some point the first customer to take a chance on your product or services ...

The New South Wales Government has released a draft suite of documents aimed at improving the policy framework for Voluntary Planning Agreements These include a draft Ministerial direction for planning authorities a draft revised practice note and a draft planning circular The new policy is an ...

With the release of an ASFA Best Practice Paper on insourcing investment management we look at some of the challenges and opportunities for in-house legal teams that come with the seemingly inexorable move in the superannuation industry towards insourcing investment management functions ...

A director of a bank life company or general insurer who read APRAs recent information paper on risk culture could be excused for indulging in a wry smile Since mid-2015 he or she has been subject to legislative obligations concerning risk culture However the information paper suggests that APRA is ...

A decision by the Administrative Appeals Tribunal affirming an assessment by the Clean Energy Regulator as to the liability of an off-grid generator under the Renewable Energy Electricity Act 2000 Cth highlights the need for liable entities to carefully consider their reliance on the small systems ...

Australian boards and senior executives are expected to maintain oversight of risk and compliance issues including bribery sanctions human rights and anti-money laundering In-house counsel perform a central role in supporting this oversight and maintaining compliancenbspIn the first of a five-part ...

A recent High Court case which addressed the Codelfa rule did not explicitly resolve the controversy as to its application, however may be seen as a further departure from the 'ambiguity gateway' approach. ...