Insights

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Easier to List on ASX – Proposed Lowering of Shareholder Spread Requirement

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ASX proposals and consultation To qualify for a listing on ASX (including a backdoor listing), ASX Listing Rules require the entity to have a minimum number of shareholders. This shareholder spread requirement is often a...

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Trade Facilitation on the Wane?

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Fairfax media recently ran a series of stories which alleged that there was evidence of a level of corruption in the Australian Customs and Border Protection Services (“Customs”).   The articles pointed to a number of...

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Customs Proposes Amendments to the "Production Assist Costs"Provisions of the Customs Act 1901

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By way of Australian Customs and Border Protection Notice No. 2012/20 (“Notice”) dated 10 April 2012 but only appearing on the website of the Australian Customs and Border Protection Service (“Customs”) on 13 April 2012...

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Do you Find Contracts Complicated and Confusing? The Attorney General Wants to Hear From You!

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On 22 March, Nicola Roxon released a discussion paper on reform to contracts law in Australia. Even though our contracts law system “performs well by national standards” there is “no reason for complacency” and the Australian Government sees an...

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Protect Your Good Name – the National Business Names Registration System is Coming in May

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Last August, we flagged the planned changes to the business names registration system and it has since passed through the Federal Parliament and become law The expected launch date of the new National Business Names Register,...

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Director Derivative Liability – Finally a Policy Shift

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Company directors should be aware that there is only less than a week left to make a submission to Treasury in regards to the Federal Government’s first tranche of proposed amendments to directors’ liability legislation....

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Anti Bribery Laws About to Get Tougher

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The Federal Government has asked industry and the public for their views on changing Australia’s anti-foreign bribery laws to remove the “facilitation payments” defence. Australian businesses and individuals who are engaged in international trade or...

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Letting the Chips Fall Where They May Doesn’t Pay

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In the recent High Court decision of Strong v Woolworths, the Court was asked to consider whether the plaintiff had proven that the defendant was negligent in circumstances where there was no evidence to complete...

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Legislation keeps moving as Australia’s Federal Parliament enters Autumn Sittings

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Movement on some Bills of interest to industry is summarised below: Second Tranche of Anti-Dumping Legislation Readers will recall that in June 2011 the Federal Government announced significant reforms to Australia’s Anti Dumping and Countervailing...

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Securities may not be so Secure Anymore

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Those in industry consider “security” issues all the time.  Border security, cargo security, job security, personal security, asset security and security of that inappropriate and potentially incriminating video recording made by your colleagues (or colleagues)...

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Practical Tips for Businesses and Lenders Overwhelmed or Confused by the PPSA

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It is just over one month since the Personal Property Securities Register (PPSR) commenced operation. Here, we share our experiences so far. PPSA in a nutshell The Personal Property Securities Act 2009 (Cth) (PPSA) affects...

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"Safety and Fairness" and Remuneration in the Road Transport Industry – Will you be Caught?

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Will you be caught by the widening of responsibility for “safety and fairness” and remuneration in the road transport industry??? In November 2011 the Road Safety Remuneration Bill (“RSRB”) was introduced into Federal Parliament, aimed...

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