Insights

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Nuclear Energy and Waste in Australia

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Australian law currently prohibits nuclear power generation. The only use of nuclear technology in Australia is for medical and research purposes. Australia’s only nuclear facility operated by the Australian Nuclear Science and Technology Organisation (ANSTO), is...

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The One Clause that Makes Contracts with Chinese Suppliers Unenforceable

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If business dealings were predictable and everything went perfectly, we wouldn’t need contracts. Often a contract is signed and buried in a drawer, only to be seen again if the parties are in dispute. When...

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Australian Border Force 2018 Customs Compliance Priorities

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The Australian Border Force has released a statement setting out its compliance priorities for 2018. While each importer and exporter will have its own unique risk areas, the statement by ABF highlights the areas that...

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ASIC Enforcement Review – Breach Reporting by Financial Services Licensees

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Under current law (Corporations Act 2001) financial services licensees are required to report certain significant breaches applicable to ASIC. A task force at ASIC has in recent months completed a review of the self-reporting of...

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Foreign Investors the Losers for NSW Stamp Duty Rates

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New South Wales follows suit with Victoria in tax hikes for foreign home buyers. The New South Wales government announced on 1 June 2017 that it will double its foreign investor stamp duty surcharge to...

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ASIC Survey Highlights Lack of Transparency in the Determination of Interest Rates

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On 1 June 2017, ASIC released the results of its survey of marketplace lending providers. The report gives an interesting overview of the marketplace lending industry in Australia – in particular, its structure and size....

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ASIC Supervisory Cost Recovery Levy Act 2017 Becomes Law and Implements an Industry Funding Model

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On 15 June 2017, the Senate passed the ASIC Supervisory Cost Recovery Levy Bill 2017 and related bills to implement an industry funding model for the Australian Securities and Investments Commission. Regulations that provide additional...

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China Practice Leader joins Hunt & Hunt Victoria office

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Mandatory Self-Reporting of Contraventions by Credit Licensees Likely to be Introduced

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One of the recommendations of the ASIC enforcement review taskforce was that the mandatory self-reporting regime should be extended to impose the same obligations upon credit licensees. This recommendation is in contrast to the original...

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Full Steam Ahead to Implement an Electronic Environment

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Some time ago the Registrar of Titles in Victoria published a paper dealing with the requirements for paper conveyancing transactions in the state. Version 2 of the registrar’s requirements were published in March 2017 and...

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Free Trade Agreements: Increasing Utilisation but Emerging Compliance Issues

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Australian traders are embracing the trio of free trade agreements negotiated between 2014 and 2015. DFAT has reported that use of the Japan, Korea and China FTAs is up above 80%. This level of utilisation is a...

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Hunt & Hunt Lawyer named Corporate Livewire M&A Lawyer of the Year

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Corporate Livewire has named Hunt & Hunt Partner Nick Miller as the Corporate Livewire Australian M&A Lawyer of the Year. Announcing the winners in the UK this week Jake Power, Awards Director of the 2017...

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