71-80 of 84 results
Continuous disclosure during COVID-19: shining the spotlight on earnings and debt
In its latest compliance update, ASX reiterated that entities in financial difficulty (including with respect to their debt arrangements) will receive no special treatment. On earnings guidance, it was acknowledged that many listed entities have taken the opportunity to withdraw guidance issued before the outbreak of COVID-19. ASX also strongly encouraged entities to review their published guidance in light of COVID-19 and to either update it if it was not current or withdraw it in this highly uncertain climate. ...
Two safe harbours for the storm of COVID-19
The COVID Safe Harbour will provide useful immediate relief for companies and their directors, particularly those who need time to assess the company's position before developing a turnaround plan or pursuing an insolvency administration if that becomes necessary. ...
PNG's response to COVID-19
The World Health Organization declared the coronavirus disease 2019, or 'COVID-19', a global pandemic on 11 March 2020. As of 16 April 2020, most countries around the world have reported cases of COVI ...
Amnesty for historical superannuation non-compliance
The newly introduced superannuation guarantee (SG) amnesty scheme provides a one-off amnesty to encourage employers to self-correct historical SG non-compliance. This is done by allowing employers to claim tax deductions for contributions made during the amnesty period, as well as waiving certain penalties and fees that may otherwise apply in relation to historical SG non-compliance. ...
Impact of COVID-19 on investment funds
As the COVID-19 pandemic creates turbulence in global financial markets and propels investors into a race for liquidity, we are beginning to see investment funds grappling with some of the issues they had confronted in 2007–2009 during the global financial crisis (the GFC). ...
Impact of COVID-19 on superannuation
Like all industries, the superannuation industry is facing some immense challenges in light of the rapidly developing COVID-19 pandemic. This Insight considers some of the more topical issues the industry is facing ...
Joint ASIC and APRA letter to superannuation trustees, on the impact of COVID-19
ASIC and APRA have written to all RSE licensees, reminding trustees of their continuing obligations, in light of COVID-19. ...
Impact of COVID-19 on corporate financing transactions
An analysis of the practical implications of COVID-19 on corporate financing transactions and a summary of some key documentation issues that arise because of this global issue, along with tips to address them. ...
Hospitality Industry Award varied to include COVID-19 flexibility schedule
On 24 March 2020, the Fair Work Commission varied the Hospitality Industry (General) Award to introduce temporary changes in response to COVID-19, following government orders to shut down various parts of the hospitality industry. This Insight examines some of the key implications. ...
In Touch: industry cooperation and collaboration during a pandemic; ACCC merger reviews; and obligations regarding cancelled orders and events
Industry collaboration in a time of coronavirus; ACCC grants urgent interim authorisations to banks and supermarkets to cooperate during pandemic; COVID-19's impact on the speed of ACCC merger reviews and the issues the ACCC will consider in distressed sales; your obligations regarding cancelled events and orders; promoting goods and services during the pandemic; and the ACCC's Scamwatch on high alert. ...