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Allens advises on Puma Energy divestment
News 23 Jul 2020

The divestment follows a strategic review of Puma Energy's Australian operations and includes its retail fuel outlets, shops and cafes Australia-wide. 'We were delighted to assist Puma with its sal ...

Allens advises on Australia's largest super fund merger
News 08 Jul 2020

Following the merger on 30 June 2020, FSS Trustee Corporation now manages over $125 billion on behalf of more than 1.1 million members from similar industries, such as education, healthcare and the ...

Varying redundancy payments due to COVID-19 hardship
Insight 02 Jun 2020

For some employers, managing the impact of COVID-19 on their business may ultimately involve making redundancies, and some may struggle to meet their obligations to employees with respect to redundancy pay. This article considers this scenario in the context of two recent Fair Work Commission decisions. ...

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. ...

Climate change and project approvals
Insight 25 May 2020

Climate change impacts have for many years been accepted as a relevant consideration in the assessment of planning and environmental applications in Australia. Until recently, the focus of consent authorities has been primarily on the direct greenhouse gas (GHG) emissions of a project from owned and ...

Carbon farming and the Emissions Reduction Fund / Climate Solutions Fund
Insight 25 May 2020

The legislative regime for the generation of carbon credits from voluntary emissions reduction projects (otherwise known as 'carbon farming') in Australia was first established in 2014. ...

Financial advice relief – all talk and no-action
Insight 29 May 2020

We said at the outset of this pandemic that financial advice will play an important role in supporting members who are considering whether to access their super early. Alive to that, ASIC recently released a series of measures to facilitate access to financial advice ...

The simple case of the SIS Act 'best interests' obligation
Insight 29 May 2020

Commissioner Hayne's comments in his final report, and the surge of community interest in super, have resulted in a renaissance of sorts for the 'best interests' obligation. ...

A pathway to sensible, long-lasting reform – the Federal Government's 'JobMaker' agenda
Insight 02 Jun 2020

In a briefing to the National Press Club on 26 May 2020, Prime Minister Scott Morrison outlined the Federal Government's 'JobMaker' agenda as a key aspect of its plan for economic recovery from the CO ...

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