Easing of continuous disclosure obligations made permanent by the Federal Government

On Tuesday 10 August 2021, the Australian Parliament enacted changes to company continuous disclosure laws under Schedule 2 of the Treasury Laws Amendment (2021 Measures No 1) Act 2021 (Amending Act). Schedule 2 to the Amending Act was originally given life by: Treasurer Frydenberg’s introduction of the Corporations (Coronavirus Economic Response) Determination (No. 2) 2020, […]

Readmore

ASIC provides ‘no action’ relief for conducting virtual meetings and delayed AGMs

After the Federal Government’s proposed legislation to extend the temporary relief for corporations to conduct virtual meetings stalled in the Parliament, we speculated in our recent update as to whether ASIC would issue a ‘no action’ position, electing not to take regulatory action against companies conducting virtual meetings despite requirements to do so in the […]

Readmore

A New Year, a new beginning, and a new foreign investment regime

On 5 June 2020, the Treasurer announced major reforms to the Foreign Acquisitions and Takeovers Act 1975 (Cth) (FATA). The reforms are intended to strengthen the foreign investment framework and ensure that the framework keeps pace with emerging national security risks and global developments. On 18 September 2020, the Federal Government released exposure draft legislation […]

Readmore

Doing Business in Australia

The revised 2020 edition of Gadens’ Doing Business in Australia guide provides foreign investors with an overview of the Australian business, economic and regulatory environment, and practical advice on how to go about setting up and doing business in Australia. The Australian Government welcomes foreign investment. With well-developed infrastructure, a stable political environment, a robust, […]

Readmore

COVID-19 | Changes to foreign investment framework

What has happened? On Sunday, 29 March 2020, amid fears that the coronavirus associated downturn will result in foreign entities preying upon distressed Australian businesses, the Treasurer announced that the threshold amounts which apply in determining whether particular foreign investments are subject to Australia’s foreign investment framework are now $0. Does this affect my deals […]

Readmore