Announcement of implementation of volume-based model On Monday 8 June 2020, the Queensland Government announced a new petroleum royalty regime which provides greater certainty in relation to the royalty payable by petroleum producers. How did we get here? This announcement comes after a review of the royalty regime was initiated in November 2019 and from …
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The COVID-19 pandemic has had a profound impact on businesses, both immediate and in terms of their long-term outlook. Whilst hospitality, retail and travel businesses have suffered obvious and acute impacts, there are hidden complexities in the valuation of longer-term assets in the infrastructure, property and agribusiness sectors. Tech-focused company valuations have risen sharply, as …
Continue reading “Managing M&A valuation issues in the era of COVID-19”
The Federal government announced on 5 June 2020 that the current temporary Foreign Investment Review Board (FIRB) rules put in place in response to the COVID-19 pandemic (which we outlined here) are expected to come to an end on 1 January 2021. As part of significant proposed changes to the FIRB regime, the Treasurer also …
Continue reading “Further changes to FIRB rules announced: Effective 1 January 2021”
The High Level What are the changes? Documents (including deeds) can now be signed and witnessed electronically. Who do they apply to? Individuals and companies. When do they apply? Now, until 31 December 2020. Background On 15 May 2020, Queensland passed new temporary regulations that modify the requirements for the making and use of documents …
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Temporary changes for electronic execution of documents, and further updates for virtual and hybrid meetings The high level What has changed? Documents can temporarily be signed under the Corporations Act electronically. Who does it apply to? Companies only. When does it apply? Now, until 5 November 2020. The detail On Tuesday, 5 May 2020, the …
Corporations (Coronavirus Economic Response Determination) No. 1 2020 On 5 May 2020, Treasurer Josh Frydenberg announced changes to the Corporations Act 2001 (Cth) (Corporations Act) and related legislation that allows for companies to have entirely virtual meetings and to issue electronic notice of meetings. The changes have been made to give companies, responsible entities, external …
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The dramatic changes announced by Treasurer Josh Frydenberg on 29 March 2020 to Australiaās foreign investment regime, in response to the economic upheaval caused by the COVIDā19 pandemic, have become law. As set out in our previous alert on these issues (which you can find here, the announced changes reduce all of the relevant monetary screening …
We are pleased to bring you the April 2020 edition of Emerging Issues for the Australian Technology, media and telecommunications (TMT) sector. In this Emerging Issues, we discuss: how the challenge of mass-remote-working in the advent of COVID-19 raises both new and known cyber-security issues; the current regulation of digital advice providers and the challenges …
On 29 March 2020 the Treasurer announced drastic changes to the Foreign Investment Review Board (FIRB) regime in response to the Covid-19 pandemic. While stressing that the changes do not change the fact that Australia is supportive of foreign investment, the Treasurerās changes will have a significant impact across the whole of Australiaās economy. …
[vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_column_text]Issue[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text]What to consider[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/4″][vc_column_text]Proper disclosure by public companies of the impact of the outbreak on the company[/vc_column_text][/vc_column][vc_column width=”3/4″][vc_column_text]Listed companies and their boards should carefully consider the impact or potential impacts of the outbreak (and action being taken in response to the outbreak) on their business. Where there is an expectation or reasonable likelihood …
Following a recent review, the Takeovers Panel (Panel) has affirmed its decision inĀ Smoke Alarms Holdings LimitedĀ [2020] ATP 2 (which can be readĀ here), and maintained its firm stance on the disclosure requirements in relation to a section 611 item 7 (Item 7) meeting. Background The takeover provisions in Chapter 6Ā Corporations ActĀ 2001 (Cth) (Act) apply to companies …
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We are pleased to bring you the 2019 edition of Emerging Issues for the Australian Resources and Renewable Energy Industry. For further information or for any queries, please contact our below team.
