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Tag: corporate

COVID-19: Extension of Temporary Insolvency Relief Measures

Pursuant to regulations which commenced on 22 September 2020, the Australian Government has extended the temporary insolvency relief measures (which came into force on 25 March 2020 in response to…

Coronavirus (COVID-19): Important Temporary Relief in Insolvency Law

Please note: Pursuant to the Corporations and Bankruptcy Legislation Amendment (Extending Temporary Relief for Financially Distressed Businesses and Individuals) Regulations 2020 which commenced on 22 September 2020, the Australian Government…

Australia to Introduce Director Identification Numbers

Following the passage of the Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019 in June 2020, new Part 9.1A of the Corporations Act 2001 (Cth) will require persons…

FIRB Regime to Undergo Significant Reform

Keeping pace with emerging risk and global developments: Foreign Investments Review regime to undergo significant reformThe Federal Government has announced significant reforms to the Foreign Acquisitions and Takeovers Act 1975…

COVID-19 Emergency Response Act 2020: Signing & Witnessing of Documents

On Monday, 20 April 2020, the South Australian Government released regulations under the COVID-19 Emergency Response Act 2020, in the wake of the COVID-19 pandemic. The Regulations bring about fundamental…

5 Things Employers Must Know About JobKeeper

The Federal Government proposes paying employers $1,500 per fortnight per employee, for 6 months from 30 March through 30 September 2020, to help employees keep jobs. Employers will need to…

What to Look For: Signs That a Company May be Insolvent

In the current climate, many businesses will suffer from financial difficulties, though this does not necessarily mean that the businesses are insolvent. There are a number of indicators that may…

“Safe Harbour” Laws – How can Directors’ Steer the Ship During Uncertain Financial Times?

In challenging financial times, a company director’s role is fraught with difficult decisions regarding continued operations and the preservation of the business. These decisions may be influenced by the risk…

COVID-19: Temporary Changes to Foreign Investment (FIRB) Approval Requirements

On 29 March 2020, the Australian Government announced temporary changes to foreign investment approval requirements in Australia, for the purposes of protecting the national interest while the coronavirus outbreak puts…

What are Directors’ Duties during Uncertain Financial Times?

Following Australia’s drought and bushfires, and in the face of COVID-19, the risks faced by a company are continuously evolving. Company directors need to be vigilant in understanding and satisfying…

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