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Nucleus – corporate law developments: Second tranche of draft FIRB reforms; ASIC Corporate Plan for 2020-24; High Court clarifies personal/carer's leave entitlements; and other corporate law developments
Insight 25 Sep 2020

Second tranche of draft FIRB reforms released; ASIC releases Corporate Plan for 2020-24; ASIC grants relief for escrow and non-promotional communications for IPOs and updates RG5 and RG254; High Court sides with employers and clarifies personal/carer's leave entitlements; ACCC releases ninth interim gas inquiry report; extension of temporary COVID-19 continuous disclosure and insolvency relief measures; ALRC reports on Australia's corporate criminal responsibility regime. ...

Retail Leases Amendment Act 2019 (Vic): changes to landlord and tenant rights and obligations
Insight 21 Sep 2020

We examine the key amendments introduced by the Retail Leases Amendment Bill 2019 (Vic); and outline steps that both landlords and tenants should take in response. ...

Reasonableness of Prosegur's JobKeeper directions
Insight 17 Aug 2020

A Full Bench of the Fair Work Commission (FWC) found it was not reasonable for security and cash management company Prosegur to offer 25 weekly hours to full-time, part-time and casual employees as a JobKeeper enabling direction. ...

Linklaters: Key finance insights
Insight 06 Oct 2020

The pandemic has shone blinding spotlights on existing areas of concern within competition law and accelerated attempts by policy makers to find solutions. ...

'Winding back' responsible lending obligations
Insight 29 Sep 2020

The Government announced a simplification to Australia's consumer credit regulatory regime, which has been widely reported as a 'wind back' or 'axing' of the responsible lending obligations (RLOs) under the National Consumer Credit Protection Act 2009 (Cth) (Credit Act). Learn more from our experts. ...

Managing workers' safety concerns in the era of COVID-19
Insight 18 Aug 2020

Employers must take all steps reasonably practicable to eliminate or minimise the risk of COVID-19 exposure and provide a safe work environment. Employees can refuse to work if there is an immediate threat to their health and safety. ...

Obligation to notify WorkSafe Victoria of confirmed COVID-19 diagnosis
Insight 18 Aug 2020

From 28 July 2020, employers in Victoria are required to notify WorkSafe of any confirmed diagnosis of COVID-19 in the workplace. ...

ASIC issues hardship withdrawal relief to responsible entities
Insight 15 Sep 2020

In response to the COVID-19 pandemic, ASIC has provided relief reminiscent of the GFC to allow hardship withdrawals from frozen funds.  The COVID-19 version of hardship-relief goes further than its GFC predecessor in many respects. We provide an overview of the issue. ...

RG 272 – bringing order through product intervention
Insight 23 Jun 2020

Following its consultation in June last year, ASIC has now published RG 272, setting out ASIC's approach to using its product intervention powers. In this update, we examine the scope of this power and the accompanying regulatory guidance. ...

Superannuation, funds and insurance sector reforms: the year ahead in 2020 and beyond
Insight 23 Jun 2020

As the dust settles on a raft of COVID-19 related disruptions to various proposed legislative and regulatory reforms, the Allens team takes stock of the current regulatory reform proposals in the superannuation, funds and insurance sectors which have been mooted for the tail end of 2020 and early 2021. ...

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