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Allens advises WestConnex Delivery Authority on $2.7 billion contract
News 15 Jun 2015

Allens has advised the WestConnex Delivery Authority on the awarding of the $2.7 billion design and construction contract for the M4 East Motorway to Leighton Contractors, Samsung and John Holland. ...

Review into four major banks - money for consultants?
Insight 25 Nov 2016

The Parliamentary Economics Committee released its report following its review into Australias four major banks yesterday Our Financial Services Regulation team has a look at the recommendations in this update ...

Australia - Fund Finance 2017, 1st Edition
Insight 24 Feb 2017

Fund financing facilities have continued to flourish in Australia providing sponsors general partners and trustees with additional funding flexibility and liquidity Allens Partner Tom Highnam Managing Associate Rita Pang and Associate Victoria Johns provide an overview of the funds sector current ...

Product design and distribution rules
Insight 13 Dec 2016

On 13 December 2016 Treasury released a paper seeking feedback on the proposed financial product design and distribution obligations and proposed product intervention powers for ASIC The proposals are intended to create new accountability obligations for product issuers and distributors On one view ...

Key planning reforms for developers, miners and major projects in NSW
Insight 19 Jan 2017

The NSW Government has kicked off 2017 by releasing proposed reforms to the State's ageing planning legislation. ...

Impact of reforms to Construction Contracts Act 2004 (WA)
Insight 25 Oct 2016

Proposed amendments to the Construction Contracts Act 2004 WA will if passed result in significant changes to the adjudication process in Western Australia Partner Jeremy Quan-Sing Senior Associate Fiona Potter and Law Graduate Thanushar Sridaran report on the potential impacts of the changes ...

Bill to establish Cross River Rail Delivery Authority
Insight 24 Oct 2016

The Queensland Government introduced legislation to establish the Cross River Rail Delivery Authority an independent statutory body charged with delivering the Cross River Rail project and the wider economic developments along the projects corridor Partner Nicholas Ng Senior Associate Matt Thomas ...

A framework for CIPRs or just more work for super trustees?
Insight 16 Dec 2016

Treasury released a paper seeking feedback on a framework for Comprehensive Income Products for Retirement. It will permit trustees to offer members on a 'soft default' basis 'mass-customised, composite retirement income products' and, to encourage trustees ...

Updated fee and cost disclosure - transition period extended
Insight 29 Nov 2016

ASIC has today announced that superannuation fund trustees and responsible entities will have until 1 October 2017 to comply with the updated fee and cost disclosure rules for PDSs set out in ASIC Regulatory Guide 97 and ASIC Class Order 141252 - but only if they comply with certain conditions ...

ASIC announces fintech licensing exemptions
Insight 19 Dec 2016

As part of its implementation of the regulatory sandbox for fintech companies ASIC is providing relief for certain fintech businesses from the obligation to hold an Australian financial services or Australian credit licence Relief may be available for up to 12 months and may be useful to businesses ...

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