Change of Policy on FIRB Approval for Foreign State-Owned Enterprises

Brian Wilson, the Chairman of the Foreign Investment Review Board (FIRB), told a Senate Committee on 16 August 2012 that FIRB will publish guidelines to clarify requirements for FIRB approval for investments in Australian entities...

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Non-Residents May No Longer Enjoy the 50% Discount on Capital Gains

As part of the 2012-13 Budget, the Federal Government announced it proposes to remove the 50% capital gains tax discount for non-residents on certain capital gains accrued after 7.30 pm (AEST) on 8 May 2012. As a result, non-resid...

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Knock Knock…Who’s there?

Last month, Federal MP Steve Georganas, introduced the Do Not Knock Register Bill 2012 in the lower house to establish the ‘Do Not Knock Register’. The private members Bill replicates the Do-Not-Call Register legislation intro...

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Shake-up of Privacy Laws

On 23 May, privacy law reform took a step closer with the introduction of the Privacy Amendment (Enhancing Privacy Protection) Bill 2012 into Parliament. The Bill stems from the 2008 Australian Law Reform Commission report, “...

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World Wide Web of Laws Entangling Social Media

The nature of communication and the interaction between people is drastically evolving. We are moving towards a world where everything is connected through the internet, specifically through social media. We have a strong desi...

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The sting for General Counsel in the James Hardie decisions – Shafron v ASIC and ASIC v Hellicar

On 3 May 2012, the High Court handed down two important decisions in the matters of Peter James Shafron v ASIC [2012] HCA 18 and ASIC v Meredith Hellicar & Ors [2012] HCA 17. Both decisions deal with company officers’ du...

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