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First Asset Recycling Initiative agreement signed
Insight 24 Feb 2015

The Federal Government announced late last week that the first agreement under its 5 billion Asset Recycling Initiative has been signed with the ACT Government demonstrating the Federal Governments commitment to the Initiative despite the underlying legislation remaining stalled by the Senate ...

ASIC's enforcement powers may receive a boost
Insight 05 Feb 2015

In preparing its Final Report the FSI has clearly paid close attention to the report of the Senate Economics References Committees Report into ASICs performance and its recommendations designed to strengthen ASIC through a combination of better funding an enhanced regulatory toolkit and higher ...

Allens advises on Ravenhall Prison Project refinancing
News 23 May 2019

The Ravenhall Prison Project was designed and built and is being maintained and operated by the GEO Consortium under a public private partnership arrangement involving The GEO Group Australia, ...

Allens advises on $314m sale of Melbourne office tower
News 20 Feb 2019

The purchase of 595 Collins Street in Melbourne from South Korea's National Pension Service, is the first time FHJ has invested in Australian property. Comprised of two interconnected buildings, th ...

Allens advises Westbourne Capital on wind and battery power financing
News 14 Dec 2018

Allens has advised Westbourne Capital to achieve financial close in relation to the construction and development of the Lincoln Gap Wind Farm near Port Augusta, South Australia. The firm assisted ...

Allens advises Brambles on sale of IFCO reusable plastic containers business for US$2.51b
News 28 Feb 2019

The sale to a consortium of Triton and the Abu Dhabi Investment Authority follows a dual track separation process which consisted of running a competitive trade sale, while in parallel, preparing t ...

Key superannuation reforms deferred to 1 July 2015
Insight 05 May 2014

The Federal Government has today announced that the start date for portfolio holdings disclosure reporting and choice product dashboard requirements will be deferred until 1 July 2015 to allow it further time to consult on the detail of the requirements Partner Geoff Sanders and Lawyer Stephanie ...

ASIC grants more time to update websites and some relief from fees and costs disclosure
Insight 17 Jun 2014

ASIC issued Class Order 14509 yesterday providing late but welcome breathing space for superannuation trustees to update their websites to disclose executive remuneration and other information The Class Order provides safe harbour timeframes for disclosure And today ASIC has released Information ...

ASIC's no action position on the wholesale/retail test for self-managed super funds
Insight 11 Aug 2014

The Australian Securities and Investments Commission has announced that it will take no action where a self-managed superannuation fund trustee is treated as a wholesale client notwithstanding that the trustee does not have to meet the 10 million net asset threshold even though the financial service ...

Statutory priority of secured creditors and trustee insolvency: implications of Re Amerind appeal decision
Insight 13 Mar 2018

Implications of Re Amerind appeal decision has been widely welcomed by insolvency practitioners and others, as it brought some clarity to the question of whether the statutory order of priority applies to trust creditors. ...

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