1111-1120 of 4252 results
1972 is calling: repeal of the Aboriginal Cultural Heritage Act 2021 (WA)
Just five weeks after its commencement, the Aboriginal Cultural Heritage Act 2021 (WA) (ACH Act) has been repealed, and will be replaced with an amended version of the Aboriginal Heritage Act 1972 (WA) (1972 Act) – the very legislation it was intended to overhaul. ...
APRA finalises its guidance on investment governance in superannuation (SPG 530)
After two years of consultation on investment governance practices in superannuation, APRA has recently released the final Prudential Practice Guide (Investment Governance) (SPG 530). ...
MAC conditions: more disclosure but no real change to market practice
MAC conditions have long been a feature of managing completion risk in public M&A transactions in Australia—utilising triggers based on either or both quantitative and qualitative measures. However, in 2022 ASIC published its concerns on the formulation of these conditions and, in particular, its expectation that MAC conditions include objective and 'quantifiable' triggers. ...
National Electricity and Gas rules update: July 2023
We examine the progress of new and existing rule change requests to the AEMC across July. We take a closer look at the AEMC's draft framework to apply an emissions reduction component to its rule-making and review processes in line with proposed changes to the national energy objectives. ...
Targeting ESG outcomes in investment strategies
It is now accepted that ESG risks need to be taken into account in the same way as any other investment-related risk for superannuation trustees, fund managers and institutional investors when developing and implementing their investment strategies (and in making individual investment decisions). ...
Queensland releases draft Wind Farm Code for consultation
Updates to the State code 23: Wind farm development (proposed Code) and associated Planning Guidance (proposed Guidance) were released for public consultation on 7 August 2023. Submissions close on 4 September 2023. ...
Latest constitutional challenge to notional GST fails
Two recent decisions - Hornsby Shire Council v Commonwealth; and Landcom v Commissioner of Taxation - have rejected constitutional challenges to the notional goods and services tax (GST) voluntarily paid by the Commonwealth, states, local councils and statutory authorities. ...
Allens advises Woodside on LNG SPAs with Commonwealth LNG
Allens has worked with Woodside on a number of its local and international LNG SPAs. 'We are very pleased to have advised Woodside on this significant transaction with Commonwealth LNG. This ...
Lessons from Daewoo v INPEX: calls on bank guarantees
Last week the NSW Supreme Court published an important decision concerning a principal's ability to call on a bank guarantee in circumstances where a contractor is facing financial troubles and/or potential insolvency in Daewoo v INPEX [2022] NSWSC 1125. ...
Allens advises Kiland on world's largest biochar carbon removal project
Kiland's timber plantations on Kangaroo Island sustained significant damage during the devastating bushfires of 2019-2020. The project is expected to be the world’s largest biochar project with ...