News
Treasury Consultation on Crypto Industry Regulation
On 21 March 2021, Treasury released a consultation paper on the potential regulation of Crypto-Assets Secondary Service Providers (CASSPrs) (the Paper), marking an early government attempt to regulate the crypto industry. There is a strong emphasis throughout the...
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...
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...
ASIC Notices to Produce: Key Considerations
As the independent corporate and financial regulator, ASIC has extensive information-gathering powers. These powers include the power to compel a company (and certain representatives or agents of the company) to produce specific documents relating to certain matters,...
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
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...