JD Supra Australia
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- Redesigning the work of signing
While trivial compared to the significant human and economic costs of the COVID-19 pandemic, lawyers are facing several practical challenges flowing from the closure of business premises, clients and colleagues working exclusively from home, and requirements for…
- COVID-19: (Australia) Government and Regulator Responses for Superannuation Funds and Fund Managers
There are many government and regulator initiatives aimed at addressing COVID-19 issues and new responses emerge on a daily basis. We have summarised those announcements, relevant to the superannuation and funds management industry in Australia, and further details in relation to each announcement are included in this table.
- Henley Arch Obtains Significant Damages Award in Copyright Claim Against Home Owner
Late last year, Judge Baird of the Australian Federal Circuit Court handed down a decision in the case of Henley Arch v Del Monaco, a copyright infringement matter in respect of a project home design.
- COVID-19: (Australia) COVID-19 Migration FAQs
*This information is accurate as of 4.00 pm Monday 6 April 2020 and is subject to change as this situation evolves. As the COVID-19 situation continues to develop, an increasing number of policies are being announced by the Australian Government regarding movement of people across Australia's border as well as visa holders in Australia.
- COVID-19: (Australia) Sweeping NSW Planning Powers Introduced in Response to the COVID-19 Pandemic
*This information is accurate as of Sunday 5 April 2020 and is subject to change as this situation evolves. OVERVIEW - The NSW Government has made key changes to the NSW Planning System to enable the flexibility required to respond to, and aid the economic recovery from, the current COVID-19 pandemic.
- COVID-19: (Australia) Guide to JobKeeper Payments
* This information set out in this Guide is accurate as at 12.00 pm on Friday 3 April 2020 and is subject to change as the situation evolves In Australia, the unprecedented wage subsidy is projected to cost A$130 billion over a six month period, with eligible businesses entitled to a subsidy equivalent to A$1,500 per fortnight for each eligible employee.
- COVID-19: (Australia) Competitor Collaboration in the Shadow of COVID-19 - The ACCC Takes a Pragmatic Approach
In Brief - Competition and consumer laws in Australia continue to apply during the COVID-19 pandemic. The ACCC Chairman, Rod Sims, has commented that there is a need to fight a "common enemy… and so a sense of national purpose, co-ordination is both efficient and carries little or no downside"
- COVID-19: (Australia) ASIC and ASX Announce Temporary Fundraising Relief for ASX-Listed Entities
*This information is accurate as of 2.00pm (Sydney time) Thursday 2 April 2020 and is subject to change as this situation evolves. In an attempt to provide publicly listed entities with enhanced fundraising flexibility in the light of current financial market and economic conditions, ASIC and ASX have recently announced a number of temporary modifications to certain key fundraising provisions in the Corporations Act 2001 (Cth) (Corporations Act) and ASX Listing Rules (Listing Rules).
- Australian Prudential Regulation Authority Indicates The Time For Institutions To Address Climate Risks Is “Now”
On February 24, 2020, the Australian Prudential Regulation Authority (“APRA”) published a letter outlining plans to establish clearer guidance on expectations for financial institutions in assessing and managing climate risks…
- COVID-19: (Australia): PM Morrison Announces Moratorium Laws to Prevent Tenant Evictions
*This information is accurate as of 11.00 am Wednesday 1 April 2020 and is subject to change as this situation evolves. On Sunday 29 March 2020, Australian Prime Minister Scott Morrison announced a series of principles agreed by the National Cabinet (representing the Commonwealth, its Territories and the States) saying: "The most significant of those is that states and territories will be moving to put a moratorium on evictions of persons as a result of financial distress ... for the next six months."
- Intellectual Property Laws Amendment (Raising the Bar) Bill
On 22 June 2011, a Notice of Motion was given by the Minister for Innovation, Industry, Science and Research , Senator Carr to introduce the Intellectual Property Laws Amendment (Raising the Bar) Bill (Bill) into the Senate. The overall purpose of the Bill is to improve Australia’s...
- Benefits to first home buyers purchasing a newly constructed home
With a focus on boosting new housing construction, the NSW Government recently released its Budget for 2011-2012. From 1 January 2012, First Home Plus exemptions and concessions will be replaced by the First Home - New Home Scheme. Currently,...
- The Ashes and Australian Anti-Bribery Enforcement Efforts, with an assist from ethiXbase
Transitioning from the Ashes, we expand our UK theme week to include the Commonwealth of Nations country of Australia, which has an anti-bribery law on the books, entitled “The Criminal Code Amendment (Bribery of Foreign Public Officials) Act 1999”, which was viewed by the Australian Federal...
- Myriad Posts Gene Patenting Victory in Australia
In a companion case to the “gene patenting” dispute presently before the U.S. Supreme Court, Myriad Genetics, Inc. successfully defended the patent-eligibility of “gene patents” in Australia. In Cancer Voices et al. v. Myriad Genetics Inc. et al. [Myriad] the Federal Court of Australia held that a...
- Insolvency in the Building and Construction Industry: Proposed Amendments to the Building and Construction Industry Security of Payment Act 1999 (NSW)
The Industry and Current Legislation - The NSW building and construction industry (the Industry) is plagued by a high level of insolvencies. In the 2012 financial year, almost 25% of the external administrations reported in NSW to the Australian Securities and Investments...
- Workplace Changes Applicable From 1 July 2013
There are a number of workplace changes which come into effect on Monday 1 July 2013. Businesses should be aware of these changes and review current practices, policies and procedures to ensure that they are compliant....
- The Australian Regulatory Landscape for the Advertising and Promotion of Gambling in Sports
The sports betting market continues to expand in Australia with strong competition between domestic and international betting agencies. The Australian market recently saw the entrance of bet365 in 2012 and subsequently of William Hill, through its acquisitions of Sportingbet and Thomas Waterhouse...
- Australia's Carbon Repeal – Unveiled
Draft legislation, published on 15 October 2013, sets out the Australian Government's plans to repeal the Clean Energy Act 2011 (Cth) and associated legislation (Carbon Acts) with effect from 1 July 2014. The impact, if passed, would be that the obligations of liable entities' to pay a price for...
- Federal Court Cracks Down on Fowl Play
Recent pecuniary penalties imposed by the Federal Court of Australia (Court) over misleading credence (premium attribute) claims made in the food industry serve as a timely reminder to businesses to carefully review their advertising and promotional material to avoid potential breaches of the...
- Changes to Hedge Fund Disclosure and Reporting Obligations
In October 2013, the Australian Investment and Securities Commission (ASIC) announced new reporting and disclosure obligations for hedge funds and funds of hedge funds registered in Australia. By 1 February 2014, fund trustees (responsible entities) will need to make sure...