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LIBOR Transition – Forward-looking Term SOFR Is Here

Dispute Resolution & Litigation

LIBOR Transition – Forward-looking Term SOFR Is Here

Very shortly, the U.S.-based Alternative Reference Rates Committee (ARRC) will make its much-anticipated formal recommendation of forward-looking term Secured Overnight Financing Rates (Term SOFR) administered by the CME...

27 July 2021

FAR reaching consequences: the new Financial Accountability Regime

On 16 July 2021 Treasury released consultation draft legislation to introduce the Financial Accountability Regime (FAR). FAR is the Government’s proposed extension of the existing Banking Executive Accountability...

20 July 2021

ATO taxation ruling: Characterisation of software receipts

On 25 June 2021 the Australian Taxation Office released its draft ruling Income tax: royalties – character of receipts in respect of software (TR 2021/D4).

16 July 2021

Sticks and stones may break my bones but words may not meet the new Serious Harm Threshold: New defamation laws have commenced

Model changes to defamation laws came into effect in several States across the country on 1 July 2021.

14 July 2021

Postponement of the removal of the head contractor licencing exemption in Queensland

On 8 July 2021, the Governor in Council made the Building Industry Fairness (Security of Payment) and Other Legislation Amendment (Postponement) Regulation 2021 (“Postponement Regulation”) postponing the commencement...

09 July 2021

Common law duty of care not inconsistent with public authority’s statutory functions: Western Power partly liable for Parkerville bushfire

Western Australia’s Court of Appeal has found the Electricity Networks Corporation liable in negligence in relation to damage caused by the Parkerville bushfire in January 2014.

06 July 2021

The new Victorian environment protection legislation - further EPA Guidance released

The EPA has continued to release relevant guidance to assist business to interpret and apply the duties and obligations in the new Act.

02 July 2021

[email protected] Amendment Act

On 24 June 2021, the Federal Government introduced the Sex Discrimination and Fair Work (Respect at Work) Amendment Bill 2021.

25 June 2021

Total recall: Plaintiff’s case against VW on use of Takata airbags implodes

In a significant blow for the class, the Supreme Court of New South Wales has dismissed the plaintiff’s claim against Volkswagen (VW) in relation to the use of...

24 June 2021

Streamlining Australia’s Anti-Money Laundering and Counter-Terrorism Financing Regime

From 18 June 2021, certain amendments to the Anti-Money Laundering and Counter-Terrorism Financing Act and Rules will come into force, streamlining the previous due diligence obligations and introducing...

18 June 2021

The new Victorian environment protection legislation - are you ready for 1 July?

After a delayed start due to Covid-19 lockdowns and disruption in 2020, the Environment Protection Amendment Act 2018 (new Act) is commencing on 1 July 2021.

07 June 2021

China's Carbon Goals

China is poised to rollout a new national emissions trading scheme market demonstrating that China is committed to mitigating climate change.

03 June 2021

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