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Royal Commission: Round 2 - experiences with financial advice
Insight 02 Oct 2018

Although the Commissioner says that the Royal Commission is part of the executive and not the judiciary and that he is therefore not able to make any findings of law he comes pretty close in his views in response to Round 2 And in some important respects those views do not correspond with ...

Efficiently, honestly and fairly - overarching and fundamental obligations?
Insight 11 Oct 2018

In his recent Interim Report into Misconduct in the Banking Superannuation and Financial Services Industry Commissioner Hayne makes a lot of the duties of an Australian financial services licensee and an Australian credit licensee to provide financial services or credit activities as the case may be ...

Where we are with superannuation retirement income changes
Insight 19 Jul 2018

The Government has slowly been changing the superannuation retirement income system with the aim of increasing the range of retirement products available to Australians A number of changes have already been implemented and more are to come with the proposed Comprehensive Income Products for ...

Ipso facto clauses, safe harbour for directors - our comments on the draft exposure legislation
Insight 10 Apr 2017

The Federal Government has released draft exposure legislation designed to facilitate company reconstructions Senior Finance Counsel Diccon Loxton Senior Associate Alicia Salvo and Associate Frances Navarro-Towan discuss some of the implications and issues ...

Federal Government addresses uncertainty around Indigenous Land Use Agreements
Insight 17 Feb 2017

The Federal Government has moved to provide certainty for those who rely on registered Indigenous Land Use Agreements following the Full Federal Courts decision that called the legal status of these agreements into question by introducing amending legislation Partner Ben Zillmann and Senior ...

UK Supreme Court counters High Court on penalties
Insight 19 Nov 2015

The highest appellate court in the UK has affirmed and restated the penalty rule as it applies in the UK in a recent decision that directly addresses and counters the High Court of Australias approach to the rule in Andrews Partner Nick Rudge and Lawyer Patrick Easton report ...

Queensland security of payment regime: more change on the horizon
Insight 16 Jan 2017

The Queensland Government recently released a Queensland Building Plan discussion paper for public consideration that coincided with the enactment of the Federal Governments Building and Construction Industry Improving Productivity Bill 2013 Both developments have the potential to affect the ...

Take care! Court confirms the devil in the details for PPSA registrations
Insight 10 Feb 2017

In a recent case a leasing company lost 23 million worth of leased equipment because it had registered the lease against the lessee companys ABN rather than its ACN - involving just two extra digits The equipment vested in the lessee company when it went into voluntary administration The court ...

Allens advises financiers on Manildra Solar Farm Project
News 29 Mar 2017

Allens has advised two global financiers with respect to the provision of senior debt facilities to First Solar in connection with the development of the Manildra Solar Farm. The solar farm, locate ...

Allens assists AGL with sale of Silverton wind farm
News 20 Jan 2017

Allens has acted on the sale and project financing of AGL Energy Limited's (AGL) 200-megawatt wind farm venture in western NSW – Silverton – into the Powering Australian Renewables Fund (PARF). The ...

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