Getting to know Australia’s corporate regulator
The Australian Securities and Investments Commission (ASIC) Since the conclusion of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry in late 2019, corporate entities in Australia have been subject to heightened levels of scrutiny. With global commerce slowly moving into a ‘post-COVID-19’ phase, the regulation of corporations has become even […]
COVID relief package announced for New South Wales
Yesterday 13 July 2021, the New South Wales Government (NSW Government) announced a myriad of relief measures for residents, in the midst of the current COVID-19 crisis in Greater Sydney. The measures are primarily focused on bolstering businesses with a view to keeping them operational, rather than concentrating on underlying employees (as we saw with […]
Queensland’s head contractor licensing reform postponed
As part of significant reforms to the licensing regime under the Queensland Building and Construction Commission Act 1991 (Qld) (QBCC Act) that were passed last year, the removal of the head contractor licensing exemption was due to take effect on 24 July 2021. Today, the Queensland Government published the Building Industry Fairness (Security of Payment) and […]
Professional indemnity insurance for accountants
Does your business have adequate cover? What to Look for in your Professional Indemnity Insurance Policy. Why have cover? It is critical that accounting businesses have PI insurance that provides financial protection for liabilities they may face. In the course of providing accounting and taxation services and advice, circumstances can arise and result in claims […]
My scheme of arrangement is “not fair”, what now?
Schemes of arrangement continue to be a popular method for buyers looking to acquire public companies in Australia. An alternative to a takeover, a scheme of arrangement is a statutory process under Part 5.1 of the Corporations Act 2001 (Cth) (Corporations Act) which allows a company to be acquired or reorganise its share capital, assets […]
All stick, no carrot: how the Treasurer’s new enforcement powers will impact foreign investors
On 1 January 2021, the Commonwealth Government introduced significant reforms to Australia’s Foreign Investment Review Board (FIRB) regime. One significant aspect of the reforms was the introduction of the Treasurer’s new review and enforcement powers, being the ‘call-in’ power and the ‘last resort’ power. This insight focuses on how these reforms may impact an investment […]
Don’t Delay – FIRB Water Register update
End of Financial Year FIRB Water Rights update Unlike the Foreign Investment Review Board (FIRB) agricultural land register – which needs to be updated constantly, the FIRB water rights register only needs to be updated annually. And, it’s that time of year again. Under the Register of Foreign Ownership of Water or Agricultural Land Act 2015 […]
McCullough Robertson continues to add depth and support industry growth, with the appointment of two new partners in annual promotions
Today we are pleased to announce the appointment of two new partners in our latest round of promotions: Marianne Lloyd-Morgan – Real Estate Strati Pantges – Construction and Infrastructure Responding to client needs in a booming infrastructure and property market, we have recognised and promoted these exceptional practitioners Reece Walker, McCullough Robertson Chair of Partners […]