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ASIC issues hardship withdrawal relief to responsible entities
Insight 15 Sep 2020

In response to the COVID-19 pandemic, ASIC has provided relief reminiscent of the GFC to allow hardship withdrawals from frozen funds.  The COVID-19 version of hardship-relief goes further than its GFC predecessor in many respects. We provide an overview of the issue. ...

COVID-19 ready reckoner
Insight 14 Sep 2020

As the expiration dates for the Government's responses to the COVID-19 pandemic loom, it is hard to know what protections and relaxations remain in place for companies and their directors. We summarise the current (as at the week commencing 14 September 2020) stimuli and moratoria implemented by the Federal Government. This accompanies our webinar: Restructuring and insolvency - preparing for, and going beyond, the insolvency cliff, held on 16 September 2020. ...

Investing via convertible debt instruments in Vietnam
Insight 02 Sep 2020

We look at the pros and cons of convertible debt instruments compared to traditional equity investment in Vietnam, the availability of these instruments to foreign investors and a comparison between convertible loan and convertible bond. ...

ASIC's Corporate Plan 2020-2024
Insight 31 Aug 2020

ASIC's Corporate Plan sets out its strategic priorities and actions for the next four years, especially its approach to its supervisory, surveillance and enforcement functions, and how each of those may have been impacted by the COVID-19 pandemic. ...

Changes to the JobKeeper scheme
Insight 18 Aug 2020

The JobKeeper scheme will be modified, and extended from 28 September 2020 until 30 March 2021. ...

Managing workers' safety concerns in the era of COVID-19
Insight 18 Aug 2020

Employers must take all steps reasonably practicable to eliminate or minimise the risk of COVID-19 exposure and provide a safe work environment. Employees can refuse to work if there is an immediate threat to their health and safety. ...

Obligation to notify WorkSafe Victoria of confirmed COVID-19 diagnosis
Insight 18 Aug 2020

From 28 July 2020, employers in Victoria are required to notify WorkSafe of any confirmed diagnosis of COVID-19 in the workplace. ...

JobKeeper enabling directions – a focus on 'reasonableness'
Insight 18 Aug 2020

In a recent decision of the Fair Work Commission (the FWC), an employer has been chastised for unreasonably directing an employee to work only 60% of their pre-COVID hours. ...

Redundancy unfair after employer fails to consult
Insight 17 Aug 2020

The Fair Work Commission (the FWC) has found a failure to consult meant an employee who was made redundant missed out on receiving the JobKeeper wage subsidy, which could have kept her working for longer. Her dismissal was therefore unfair. ...

Reasonableness of Prosegur's JobKeeper directions
Insight 17 Aug 2020

A Full Bench of the Fair Work Commission (FWC) found it was not reasonable for security and cash management company Prosegur to offer 25 weekly hours to full-time, part-time and casual employees as a JobKeeper enabling direction. ...

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