Does your company understand the bankruptcy, insolvency and rehabilitation proceedings for your jurisdiction? The ILN’s Restructuring & Insolvency group has put together a collaborative paper on Bankruptcy, Insolvency & Rehabilitation Proceedings, which serves as a quick and practical reference for those with relevant needs in the 12 jurisdictions covered. Please see the full paper here.
Does your company understand the bankruptcy, insolvency and rehabilitation proceedings for your jurisdiction?
From 1 July 2019, Australia will have a new whistleblower protection regime covering the corporate, financial and tax sectors.
‘Cyberturfing’ is the online equivalent of the off-line ‘astroturfing’, a term said to be coined by a US Senator back in 1985 and is understood to be a type of deceptive marketing or practice designed by marketers to create a false impression that a campaign has developed authentically and organically but in reality is powered by someone else behind the scenes1. Classic astroturfing involves the use of paid agents to falsely represent popular sentiment surrounding a product or a service2. As a result, consumers ‘follow the herd’3 as against the authentic grass root movements which operate at local level with community volunteers having a primary goal to support a local or a global cause considered good for the society or environment4.sumers ‘follow the herd’3 as against the authentic grass root movements which operate at local level with community volunteers having a primary goal to support a local or a global cause considered good for the society or environment4.
PCG 2019/4 and the practical implications for retirement village operators
The Australian Taxation Office released Practical Compliance Guideline (PCG) 2019/4 on 12 June 2019 which explains the Commissioner of Taxation’s compliance approach to how certain liabilities (i.e. ‘lease surrender liabilities’ and/or ‘increase entry price’ liabilities) are to be treated when a retirement village operator leaves an income tax consolidated group, and where the value of such liabilities has increased between the operator joining and leaving the group. PCG 2019/4 relates only to the treatment of the increase in the liability, which is taken through the entity’s profit and loss account – at which point no deduction is available
Leading independent business law firm Hall & Wilcox is delighted to announce the appointment of eight new partners: Liam Campion, James Deady, Stephanie Driscoll, Maree Ferguson, Frank Hinoporos, Nathan Kennedy, Ilona Strong and James Whiley.
A Queensland magistrate has imposed the first conviction of a company under labour hire licensing legislation in Australia.
A District Court judge has dismissed a worker’s claim for damages on the grounds that her employer had failed to properly evaluate her fitness for work before she returned to her pre-injury role. It was concluded that the employer had taken sufficient steps prior to the worker’s return to work, having regard to contemporaneous medical and vocational rehabilitation evidence.
Funds and financial products
ASIC issues guidance to licensees to protect against share sale fraud
On 17 June, ASIC issued guidance for Australian financial service (AFS) licensees about how they can mitigate the risks to their clients and business of share sale fraud. The guidance is in Information Sheet 237 Protecting against share sale fraud (INFO 237)
Leading Australian law firm Hall & Wilcox is pleased to have advised Victory Offices Limited on its successful $30 million initial public offering of securities and listing on the Australian Securities Exchange.