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Are data breaches a money laundering and terrorism financing risk?
Insight 15 Nov 2023

The Australian Transaction Reports and Analysis Centre has published new guidance recommending that reporting entities assess the potential impact of data breaches on the money laundering and terrorism financing risks they face. In this Insight, we explain the new guidance and what it means. ...

Optus decision highlights challenges for privilege claims over investigation reports
Insight 14 Nov 2023

Optus decision highlights challenges for privilege claims over investigation reports. ...

ASIC publishes second report with insights from the Reportable Situations Regime
Insight 10 Nov 2023

ASIC has published its second report recording high-level insights and trends observed in breach reports received from AFS and credit licensees between 1 July 2022 and 30 June 2023 under the Reportable Situations Regime. ...

Agriculture, food and beverage sector - M&A and governance update
Insight 01 Nov 2023

Despite a more cautious market in 2023, M&A in the agricultural, food and beverage sector has proven resilient. In this Insight, we delve into some ongoing trends shaping it, as well as giving a quick snapshot of Australia's proposed mandatory climate disclosure regime. ...

Allens advises on financing for Edify's Koorangie Energy Storage System
News 30 Oct 2023

Development of the 185 MW / 370 MWh KESS represents a major step towards reducing reliance on coal and gas generators to provide system strength for the Victorian grid. It is expected to increase t ...

Breach reporting update: reducing the regulatory burden on licensees
Insight 26 Oct 2023

ASIC has made some helpful amendments (the Instrument ) to AFS and credit licensees’ obligations regarding certain breach reporting under the reportable situations regime (the Regime ). These updat ...

Settlement stage common fund orders receive the green light
Insight 20 Oct 2023

Common fund orders are back following a unanimous decision of the Full Federal Court that they are permissible when sought at the settlement stage of a class action. ...

Big changes incoming: consultation opens on amendments to the PPSA
Insight 19 Oct 2023

The Federal Government has invited public consultation on its proposed changes to the Personal Property Securities Act 2009 (Cth). The changes are extensive, and will implement most of the 394 recommendations from the 2015 Whittaker Review. ...

Corporate trustees: no fiduciary duty owed by a successor trustee to its predecessor
Insight 18 Oct 2023

A recent New South Wales Court of Appeal judgment has resolved a difficult question concerning the law of corporate trustees, and serves as a practical reminder of the difficulties faced, in particular, by insolvency practitioners appointed to insolvent former trustees. ...

Allens advises GPT Group on the expansion of its funds management platform to a portfolio of Australian and NZ student accommodation assets
News 16 Oct 2023

'This marks a significant expansion of GPT's funds management platform and we congratulate GPT on the successful addition of the Australian and NZ student accommodation portfolio to its platform,' ...

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