The Demerger Journey - from Facilitation to Frustration. Partner Joe Power and Senior Associate Jay Prasad published their paper on the demerger tax rules at the inaugural Tax Institute Tax Summit at the International Convention Centre in Sydney in March 2020. The paper considers the correctness of the ATO’s recent views on the scope of the demerger tax relief provisions, and compares those provisions to analogous provisions in the UK, US and Canada. ...

Allens has advised Magellan Asset Management Limited, on an initial public offering for a new ASX-listed investment trust, the Magellan High Conviction Trust. ...

Shareholders will receive total cash consideration of $2.345 per share under the approved Scheme, which represents a 5.2% increase from AVID's initial proposal of $2.23 per share in March 2019 and ...

Allens has appointed Craig Milner as a partner in its market-leading tax advisory team. An established leader on the corporate tax scene, Craig joins Allens from Corrs Chambers Westgarth, where he ...

Allens has advised Bendigo and Adelaide Bank on its $300 million offer of Converting Preference Shares 4 ( CPS4 ), a hybrid security that will qualify as additional Tier 1 Capital for the Bank. The ...

A Bill is currently before Federal Parliament that will more closely but not completely align the foreign non-portfolio dividend NANE treatment with debtequity concepts Partner Martin Fry and Senior Associate Jennifer Richards report on the changes ...

The Federal Government has released its Industry Innovation and Competitiveness Agenda the industry-led growth and innovation component of its broader Economic Action Strategy reform Industry participants in the resources and energy sectors will benefit from proposals which aim to increase ...

The Papua New Guinea Government has delivered its 2015 National Budget which contains a number of amendments to taxation legislation that are part of the Governments efforts to improve compliance and strengthen its revenue base Senior Associate Ryan Warokra reports ...

New tax legislation has been introduced to Parliament that contains tax concessions for employees of small start-up companies who are granted employee shares and options Partner Sarah Bernhardt and Senior Associate Shaun Cartoon members of Allens Accelerate team report ...

The Australian impact investing market has grown considerably in recent years and growth is largely attributed to a surge of impact investment with focus on environmental rather than social outcomes. ...