The rail sector in Great Britain is about to experience the most significant structural change since privatisation. The Government is abandoning the current franchise-based model, in favour of a new “Passenger Rail Contract”...more
At the end of January 2017, the Australian Taxation Office ("ATO") updated its draft of the Privatisation and Infrastructure—Australian Federal Tax Framework ("Framework") and issued a Taxpayer Alert TA 2017/1 on stapled...more
On 8 March 2016, the Competition and Markets Authority (“CMA”) published a policy document recommending that the government overhaul the currently franchised rail system. 99% of Britain’s trains presently run under...more