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The Federal Circuit Court of Australia imposed fines on a company totalling AUD313,500 for sham contracting and related contraventions of the Fair Work Act 2009.
This article describes in general terms when such Australian tax could arise and, if an assessment does arise to a foreign investor, how to deal with it.
The People’s Bank of China released the Administrative Measures for the Foreign Exchange Purchase and Sale Business Provided by Banks on 22 June 2014.
A series of laws and regulations have been promulgated to introduce the capital subscription system and remove the paid-in capital registration system.
A new derivative reporting regime will commence in Australia in 2015.
A court has confirmed that the ability to work night shifts was a genuine occupational requirement for a registered nurse who was engaged in roles that provided 24/7 care.
This edition of Governance News provides a synopsis of Minter Ellison’s weekly summary of corporate law and governance developments in Australia and overseas.
The deadline for employers to report share-based awards is approaching. The ATO is increasing its focus on ESS reporting compliance so employers should be aware of some of the traps.
The Corporations Amendment (Streamlining Future of Financial Advice) Regulation 2014 was made on 26 June and registered on 30 June.
The much anticipated Public Governance, Performance and Accountability Act 2013 (PGPA Act) came into effect on 30 June 2014.
The High Court has delivered its highly anticipated decision in Williams v Commonwealth of Australia  HCA 23 (Williams [No. 2]).
Full Federal Court confirms a ‘public benevolent institution’ does not need to provide direct relief
A ‘public benevolent institution’ is a subtype of charitable body. Endorsement by the Australian Taxation Office is required before an entity can be one.
Changes to the NSW stamp-duty regime are expected following the introduction of the State Revenue Legislation Further Amendment Bill 2014 into Parliament.
The Treasury of the Australian government has released a consultation paper on providing certainty for contractual loss absorption provisions in regulatory capital.
The US government has moved to act on carbon emissions by requiring US states to reduce carbon emissions from power plants by 30 per cent by 2030.
The Legislative Council is currently debating the Contracts (Rights of Third Parties) Bill, and the bill may be passed in the second half of this year.
The Mineral and Energy Resources (Common Provisions) Bill 2014 (Qld) was introduced to Queensland Parliament on 5 June 2014.
Sonia Ng reviews the law on implied terms, sees how the law was applied in a recent English case involving a building contract and considers its relevance to us.
The Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2014 (No.3) (Cth) (Amending Rules) came into force on 1 June 2014.
The long-awaited legislation proposed for security of payment will shortly see the light of day. It has been the subject of a decade-long debate.