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Managed investment trusts - the new regime
Insight 25 Jun 2014

Exposure draft legislation to implement long-awaited changes to the tax regime for managed investment trusts is expected to be issued shortly ahead of the regimes recently announced start date of 1 July 2015 Partner Katrina Parkyn recaps some of its expected key features and likely impacts on the ...

Increasing ASIC's enforcement powers
Insight 08 Jul 2014

In its submission to the Financial System Inquiry the Australian Securities and Investment Commission has again raised the issue of the penalties that are available to it to punish and deter corporate wrongdoing ASICs submission recommends that a holistic review be conducted into the availability ...

Adjudications under WA's SOPA legislation - enforcement by statutory demands clarified
Insight 24 Jun 2014

The WA Supreme Court has provided important clarification on the enforcement of adjudication determinations by the use of statutory demands under that States security of payment legislation It has confirmed that leave to enforce an adjudication determination as a judgment must be obtained before the ...

Court accepts market-based causation
Insight 21 Apr 2016

Perhaps the most important unanswered question in Australian class action law has been how causation may be established in a shareholder class action After more than a decade of uncertainty the Supreme Court of NSW has ruled that shareholders can prove causation by establishing that the price of the ...

'Chain of Responsibility' amendments impose new environmental obligations in Queensland
Insight 28 Apr 2016

The Queensland Parliament has passed the Chain of Responsibility Bill with important amendments prior to enactment The amending Act establishes a new regime under the States primary environmental legislation that exposes related bodies corporate executive officers financiers shareholders and a ...

Implications of the Critical Infrastructure Centre for foreign investment in Australia
Insight 24 Feb 2017

The Australian Governments Critical Infrastructure Centre launched earlier this year is part of the governments plans to manage national security concerns arising from foreign investment in Australian critical infrastructure The Centre has released a discussion paper calling for input into how it ...

Victoria's plan for value creation and capture
Insight 06 Apr 2017

The Victorian Government has released the Victorian Value Creation and Capture Framework which articulates its policy on value creation and value capture in the planning and delivery of public projects ...

Australia's foreign investment regime - regulatory burden reduced
Insight 03 Jul 2017

Significant changes to Australias foreign investment regime came into effect on 1 July 2017 intended to address concerns regarding this regime raised since its introduction in December 2015 The amendments reduce the regulatory burden in a number of key ways and will impact a range of foreign ...

ASIC extends by a further year licensing relief for foreign financial service providers
Insight 03 Oct 2018

The recent ASIC Corporations Amendment Instrument 2018807 extends by a further year licensing relief for foreign financial service providers who carry on a financial services business in Australia without an Australian financial services licence While its another welcome licensing reprieve for such ...

Royal Commission: Round 4 - experiences with financial service entities in regional and remote communities
Insight 02 Oct 2018

In the Interim Report the Commissioner identifies four principal issues relating to agricultural lending ...

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