News

The next stage of the BIF Act Trust Account Regime is here!

The next stage of the BIF Act Trust Account Regime is here!

The next phase of the new trust account regime under the Building Industry Fairness (Security of Payment) Act 2017 (Qld) (BIF Act) is here.  So, what do you need to know for the next phase that was rolled out on 1 January 2022? Let’s explore this further...

LOOK BEFORE YOU LEAP Queensland Enacts Preliminary Disclosure Regime

LOOK BEFORE YOU LEAP Queensland Enacts Preliminary Disclosure Regime

Prospective plaintiffs in Queensland now have a clear legislative basis to apply to the Court for preliminary disclosure following recent amendments to the Uniform Civil Procedure Rules 1999 (Qld) (UCPR).The long-awaited amendments put Queensland in step with the...

ASX and ASIC Provides Relief to Australian Listed Companies

ASX and ASIC Provides Relief to Australian Listed Companies

As we predicted in our GRT Alert last Thursday, following the NZX releasing its relief package, ASX and ASIC have now provided relief to Australian listed companies with their separate announcements on 31 March 2020. The following are important updates and changes...

New Officer’s duty to avoid creditor-defeating property transfers

New Officer’s duty to avoid creditor-defeating property transfers

On 17 February 2020, the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 received royal assent. The Bill amended the Corporations Act 2001 (Act) and Tax Administration Act 1953 to impose new duties and liabilities on officers. This alert focuses on...

2020 Post-Hayne reforms: are you prepared?

2020 Post-Hayne reforms: are you prepared?

February 2020 marks the one year anniversary of the publication of the Hayne Royal Commission’s final report on misconduct in the banking, superannuation and financial services industry (the Hayne Report). 2020 is also the year in which the Government has announced it...

Director’s Duties Update

Director’s Duties Update

2019 has been a watershed year for the law of corporate governance. The conclusion of the Hayne Royal Commission in February 2019 heralded the beginning of a swathe of wide-ranging changes affecting not only officers and directors in the financial services industry,...