News & Analysis as of

Australia

Health Alert (Australia) 22 May 2017

by DLA Piper on

In This Issue: - Judgments; Legislation; and Reports. - Excerpts from Judgments: 16 May 2017 - Realview Holdings Pty Ltd And City Of Busselton [2017] WASAT 71 - Town planning - Development application - Land use...more

Health Alert (Australia) 15 May 2017

by DLA Piper on

In This Issue: - Judgments; Legislation; and Reports. - Excerpts from Judgments: 5 May 2017 - Inquest into the death of Heather Fotiades [2017] NTLC 012 Medical practitioners prescribing high dose opioids for...more

United States and Australia: Comparable Food Safety Systems

by Jones Day on

On April 19, 2017, FDA announced that both the United States and Australia have recognized each other's food safety systems as comparable to each other. This is the third time that the FDA has given this recognition to a...more

Food, Dietary Supplement & Cosmetics Regulatory Update Vol. IV | Issue 4

by Jones Day on

On May 9, 2017, the Senate confirmed Dr. Scott Gottlieb as the next FDA commissioner. With a 57-42 vote, the Senate filled the commissioner position most recently held by Dr. Robert Califf, who resigned in January 2017 and...more

IoT got 99 problems and security is one

by DLA Piper on

The number of internet connected devices and products is rapidly increasing and in turn creating more opportunity for cyber security breaches and generating greater amounts of data including personal information. Consumer...more

Australia And China Establish Cybersecurity Agreement

by King & Spalding on

On April 21, 2017, Australia and China forged an agreement to expand their cybersecurity cooperation. This agreement emerged as part of the Australia-China High-Level Security Dialogue held in Sydney. ...more

The Banking Executive Accountability Regime

by Dentons on

Last week the Turnbull Government announced that it will overhaul the Australian financial services system and bring forward a comprehensive package of reforms aimed at strengthening accountability and competition within the...more

Implications of the Chevron Case for Multinational Clients

by K&L Gates LLP on

In recent years, the Australian Taxation Office (ATO) has focused much energy in the transfer pricing arena, firstly due to the issue becoming part of the OECD's ongoing investigation into international tax practices and...more

Variation Margin Requirements Relief

by White & Case LLP on

According to the original timetable, the first implementation date in various G20 countries for uncleared over-the-counter ("OTC") derivative variation margin requirements was 1 September 2016 for the largest market...more

Getting a Clearer Picture – More Details Released on the 457 Visa Changes

by K&L Gates LLP on

On 18 April 2017 the Australian Government announced its planned abolishment and replacement of the 457 visa framework with a new, two-stream Temporary Skill Shortage (TSS) visa as well as other changes to the migration and...more

Greater disclosure obligations for office owners

by Dentons on

Building owners’ obligations under the Building Energy Efficiency Disclosure Act - Currently, before offering to sell or lease office space over 2,000sm, owners must obtain the building’s energy efficiency rating and...more

Canberra Needs Strong Plan to Make Airport Fly

by K&L Gates LLP on

The Federal Government announced in a recent press release by the Prime Minister that it will "build" the new Western Sydney Airport. This week's Federal Budget confirmed $5.3 billion in funding for the airport. That term...more

The trend is your friend: why enterprise bargaining is down

by Seyfarth Shaw LLP on

Enterprise bargaining is down. That’s the big call out from the Department of Employment Report on Enterprise Bargaining February 2017. Comparing private sector agreement numbers from 2014 there is a reduction by a third...more

GST & Residential Property: Purchasers to pay GST to ATO

by K&L Gates LLP on

The Government announced in its 2017-18 Budget that, from 1 July 2018, purchasers of new residential premises (new homes / apartments) and subdivided residential lots will need to pay any applicable GST on the sale directly...more

Global Employee Equity at a glance: Australia

by White & Case LLP on

Stock Option Plans: Employment - Labor Concerns - There is a risk of employees claiming that they are entitled to compensation for loss of rights under the Plan where the Plan is amended or discontinued or where...more

Government turns GST on its head for new property sales

by Dentons on

Proposal: Purchasers to pay GST to the ATO - The Budget measures include a radical plan to shift the responsibility of accounting for GST from property developers to purchasers. Under the proposal, purchasers must remit...more

Get ready for open data

by Dentons on

When the House of Representatives Standing Committee on Economics issued a report on the four major banks in November 2016, it sent a clear message in favour of open data. In fact, the Committee went so far as to recommend a...more

Government proposes shake-up of Australia's foreign bribery laws

by Allen & Overy LLP on

The Australian Government is currently considering amendments to its foreign bribery laws. The proposed amendments include a new corporate offence of failing to prevent foreign bribery and a model for a deferred prosecution...more

2017 budget impacts for innovation and technology

by DLA Piper on

From a Government which had promised much in the way of innovation, the 2017 Budget is both underwhelming and, in one respect, potentially concerning. In terms of 'in' words, 'infrastructure' is very much in; 'innovation'...more

Australian Federal Budget 2017 - 2018

by DLA Piper on

The Australian Government introduces a new major bank levy, increases the costs for foreign owners of Australian real estate and extends Managed Investment Trust concessions to investment in Affordable Housing from 1 July...more

Franchising Update

by K&L Gates LLP on

Many franchisors and other participants in the franchising sector are anticipating with concern the outcome of The Fair Work Amendment (Protecting Vulnerable Workers) Bill 2017 (Bill) which was introduced into the Federal...more

Health Alert (Australia) 8 May 2017

by DLA Piper on

In This Issue: - Judgments; Legislation; and Reports. - Excerpts from Judgments: 2 May 2017 - Australian Competition and Consumer Commission v Social-Lites Pty Ltd [2017] FCA 398 - TRADE PRACTICES – misleading...more

Consultation on proposed amendments to AML/CTF Rules

by Dentons on

In April 2016, the Attorney-General’s Department released its Report on the Statutory Review of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and Associated Rules and Regulations (Report). This review,...more

When Office Romance Goes Pear-Shaped

by K&L Gates LLP on

The old adage that you shouldn't fish off the company wharf has been proven to be true for at least two high profile executives of late. While this is not a new or novel issue, it does beg the question of what role should a...more

Australia Adds Indemnities and Limitations of Liability

by Jones Day on

Recent amendments to the Australian Securities and Investments Commission Act 2010 (Cth) ("ASIC Act") and the Competition and Consumer Law Act (Cth) ("CC Act") extended the unfair contract terms regime, which previously...more

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