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FCPA Compliance and Ethics Report-Episode 119-FCPA Year in Review, Part I
There are a number of directors that will have until the deadline of 30 November 2022 to submit their applications to obtain a DIN. The deadline for submitting a DIN application differs according to the date on which the...more
From November 2021, directors of Australian companies will need to apply for and verify their identity as part of a new statutory requirement for them to have a Director Identification Number (DIN). Applications for DINs will...more
On 18 February 2021, changes to the Corporations Act 2001 (Cth) in relation to director resignations made by the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (Cth) will take effect. The new provisions...more
The Situation: Australia's corporate regulator, the Australian Securities and Investments Commission ("ASIC") brought proceedings against two former directors of Tennis Australia ("TA") alleging that they engaged in numerous...more
From 1 April 2020, company directors will be personally liable for any unpaid GST, luxury car tax (LCT) and wine equalisation tax (WET), in addition to the pay as you go withholding (PAYGW) and superannuation guarantee...more
In an era of online banks and ASIC Corporate Keys, the management of access to your company's digital platforms, which are often critical to your operations, is an essential element of good governance practices....more
Recent Takeovers Panel declaration confirms that individual shareholders will almost certainty be "associates" for the purposes of a joint requisition....more
1. Types of business entities - 1.1 Types of entities available through which to conduct business - The following entities are recognized as business structures to conduct business under Australian law: Sole trader -...more
On 13 June 2018, Treasury released a revised exposure draft of the Treasury Laws Amendment (Corporate Collective Investment Vehicle) Bill 2018 (CCIV Bill) for the new corporate collective investment vehicles (CCIVs)....more
In a previous Legal Insight, we foreshadowed potential guidance from the ASX on the interaction between the new insolvent trading safe harbour laws and the continuous disclosure obligations of a public company. On 9 March...more
The Safe Harbour reforms that became law on 19 September 2017 aim to create a better environment for the effective corporate rescue of distressed companies. By removing the perceived fear of insolvent trading from directors...more
Australia has long been known for its “have a go” attitude and it appears that this sentiment has been behind major reform in Australia’s restructuring and insolvency laws over the past year. Originally published in INSOL...more
The government has introduced major law reforms to Australia's insolvency laws which will come into effect next year. With news of established local and international fashion brands facing financial difficulty and entering...more