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August 2024 ESG Policy Update – Australia

Australian Update - Guide to Sustainable Collaborations – ACCC - On 8 July 2024, the Australian Competition & Consumer Commission (ACCC) published a draft guide on Sustainability collaborations and Australian competition law...more

Guarding Against Fraud and Loss–What You Need to Know When Taking Security by Way of a Bank Guarantee

Bank guarantees (BGs) are a very old invention yet remain one of the most common forms of security that are provided in respect of leasing and other property transactions. Despite their prevalence, there are a number of risks...more

July 2024 ESG Policy Update—Australia

Australian Update - Proposed Code of Practice to Reduce Modern Slavery Through Lending, Investment and Asset Management - The New South Wales (NSW) Anti-Slavery Commissioner (Commissioner) recently released its discussion...more

June 2024 ESG Policy Update—Australia

Australian Update - Australia and EU Enter Into Critical and Strategic Minerals Partnership - On 28 May 2024, Australia and the European Union (EU) signed a Memorandum of Understanding (MOU) for a bilateral partnership to...more

ESG—Australia – Climate-Related Financial Disclosures: Updated Bill

On 27 March 2024, the Australian Government published the first reading draft of the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Bill 2024 (New Bill), which superseded the previous exposure...more

May 2024 ESG Policy Update—Australia

AUSTRALIAN UPDATE - Updated Bill to Introduce Climate-Related Financial Reporting Regime - Background - The Australian Government released the first reading draft of the Treasury Laws Amendment (Financial Market...more

April 2024 ESG Policy Update—Australia

Australian Update - Australian Competition and Consumer Commission Enforcement Priorities for 2024-2025 - The Australian Competition and Consumer Commission (ACCC) has announced its enforcement and compliance priorities for...more

March 2024 ESG Policy Update—Australia

Australian Update - Australian Securities and Investments Commission Continues Greenwashing Enforcement Efforts - On 28 February 2024, the Australian Securities and Investments Commission (ASIC) reported that an outsourced...more

February 2024 ESG Policy Update—Australia

Australian Update - Draft Legislation – Climate-Related Financial Disclosures The Australian Government has released Treasury Laws Amendment Bill 2024: Climate-related financial disclosure, which is draft legislation...more

New South Wales Anti-Slavery Commissioner Publishes Guidance on Managing Modern Slavery Risks

Introduction - Over 400 New South Wales (NSW) government entities, including government agencies, state owned corporations, and councils (collectively, Covered Entities) are required to conduct modern slavery due diligence...more

December 2023 ESG Policy Update - Australia

Australian Update - ASIC to Focus on Net Zero Statements and Targets - On 21-22 November 2023, the Australian Securities & Investments Commission (ASIC) hosted the ASIC Annual Forum, outlining: The progress and outcomes ASIC...more

November 2023 ESG Policy Update – Australia

Australian Update - Draft Reporting Standards for Australian Climate-Related Disclosures - As previously reported by K&L Gates, the Australian Accounting Standards Board released its exposure draft of the Australian...more

ESG Policy Update – Australia

Australian Update - Warnings Issued About Active Investment Greenwashing As reported by the Australian Financial Review, Australian Securities and Investments Commission (ASIC) has warned that superannuation funds who justify...more

Is 'Freedom-Washing' the New Greenwashing, and What are its Legal Consequences?

Companies will often make representations about modern slavery as part of their environmental, social and governance (ESG) measures.  In this article, we consider whether potentially false or misleading claims about modern...more

ESG Policy Update–Australia

Australian Update - Addressing Modern Slavery Risks in Renewable Energy Supply Chains - As the modern slavery risks in the supply chains of renewable energy producers and markets come into focus (ABC|GreenBiz), the office of...more

Australia's Modern Slavery Act - A 'Stroll to Slightly Higher Ground' Rather than a 'Race to the Top'? The Final Report of the...

The McMillan Report (Report) of the statutory review of the Modern Slavery Act 2018 (Cth) (Act) was released on 25 May 2023. The Report makes a total of 30 recommendations principally directed to enhance and strengthen the...more

Tendering? Be Ready to Identify, Assess, and Address Your Modern Slavery Risks

The Australian Government has uploaded two new resources to its Modern Slavery Register: A model clause for use in tenders (Model Tender Clauses); and An educational video on modern slavery for the cleaning industry....more

Australia's Review of Its Groundbreaking Commonwealth Modern Slavery Act 2018 and What It Means for Your Business

Three years after the enactment of the Modern Slavery Act 2018 (Cth) (Act), the Australian Government has released an Issues Paper for public consultation. It seeks to identify the effectiveness of the Act since its inception...more

The New Australian Modern Slavery Register

As a world first and in a milestone step, on 27 November 2020, the Australian government's publicly accessible Online Register for Modern Slavery Statements uploaded the first tranche of statements under the Modern Slavery...more

Strata Title Reform - Are You Required to Consolidate Your By-Laws?

WHAT HAS HAPPENED? There has been significant reform to the Strata Titles Act 1985 (WA) (Act) through the Strata Titles Amendment Bill 2018. The changes took effect on 1 May 2020. ...more

COVID-19: Retail and Commercial Leasing Matrix (Updated)

The COVID-19 Retail and Commercial Leasing Matrix (Matrix) provides landlords and tenants with an overview of the COVID-19 response measures which have been enacted in each Australian State and Territory following the release...more

COVID-19: Retail and Commercial Leasing Matrix

The COVID-19 Retail and Commercial Leasing Matrix (Matrix) provides landlords and tenants with an overview of the COVID-19 response measures which have been enacted in each Australian State and Territory following the release...more

COVID-19 (Australia): Western Australia Regulations for Commercial Leases

*This information is accurate as of 5.00 pm on 19 June 2020 and is subject to change as this situation evolves. The Commercial Tenancies (COVID-19 Response) Act 2020 (WA) (Act) came into effect on 23 April 2020....more

COVID-19: (Australia) New WA COVID-19 Laws Sets Wider Net for Impacted Landlords/Tenants

*This information is accurate as of 11.00 am 28 April 2020 and is subject to change as this situation evolves. WA's Parliament has fast-tracked into law the Commercial Tenancies (COVID-19 Response) Act 2020 (WA) (CTCR),...more

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