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Joint ASIC and APRA letter to superannuation trustees, on the impact of COVID-19
Insight 02 Apr 2020

ASIC and APRA have written to all RSE licensees, reminding trustees of their continuing obligations, in light of COVID-19. ...

COVID-19: a work health and safety perspective
Insight 01 Apr 2020

The progression of COVID-19 continues at pace and businesses are facing an array of challenges and difficult decisions. While there are a number of issues for businesses to work through at this time, this article touches on the key work health and safety (WHS) duties employers need to be aware of. ...

Hospitality Industry Award varied to include COVID-19 flexibility schedule
Insight 01 Apr 2020

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. ...

Fair Work Commission agrees to vary the Clerks Award in light of COVID-19
Insight 01 Apr 2020

On Saturday 28 March 2020, the Fair Work Commission introduced temporary changes to the Clerks – Private Sector Award in response to the impacts of COVID-19 on clerical and administrative employees. An employer can now agree (in writing, including by email) with an individual employee to reduce the employee's hours (including by more than 25%) or to move the employee temporarily from full-time to part-time hours of work, and reduce their pay proportionately. ...

OAIC releases new privacy guidelines for employers in response to spread of COVID-19
Insight 01 Apr 2020

Employers should collect, use and disclose as little information as is reasonably necessary to prevent and manage the spread of COVID-19 in the workplace. This includes taking the temperature of employees and visitors entering the workplace for the limited purpose of preventing or managing COVID-19 risks in the workplace (provided that as little information as is reasonably necessary should be collected for that purpose). ...

Allens视界– 新冠病毒(COVID-19)促使FIRB体制发生重大变化
Insight 01 Apr 2020

2020年3月29日,澳大利亚联邦政府财政部长宣布对澳大利亚的外国投资审查批准(FIRB)体制进行重大修改,以应对由新型冠状病毒(COVID-19)爆发引起的风险。这些修改虽然是暂时的,但大幅度地扩展了需要获得FIRB批准的交易范围,并大大延长了FIRB申请的审查期限。 ...

Amnesty for historical superannuation non-compliance
Insight 01 Apr 2020

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
Insight 31 Mar 2020

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 derivatives
Insight 27 Mar 2020

COVID-19 will have a range of impacts on over-the-counter derivative transactions. We set out below some key documentation issues arising as a consequence of COVID-19 and our practical tips. ...

Impact of COVID-19 on superannuation
Insight 25 Mar 2020

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 ...

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