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Articles by Andrew Corkhill
Critical reforms to unfair contract terms laws in Australia now in force!
The Treasury Laws Amendment (More Competition, Better Prices) Act 2022 (Cth) is now in effect, transforming the landscape of unfair contract terms under the Australian Consumer Law. As of 9 November 2023, new penalties for unfair contract terms are now in force. We previously reported on these changes in late 2022 and urged businesses to promptly review and update their standard form and small business contracts to align with the amended legal framework.
Australia's business communications evolution – the shift from paper to pixels - Corporate and Company Law - Australia
The Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 (Cth) received Royal Assent on 14 September 2023. The Act amends the Corporations Act 2001 (Cth) and other Commonwealth legislation, facilitating more modern and accessible communication between consumers, businesses and regulators. This article provides an overview of some of the key changes.
Foreign investors left out of pocket as FIRB application fees double
The Foreign Acquisitions and Takeovers Fees Imposition Amendment (Fee Doubling) Regulations 2022 (Cth) will double application fees payable by foreign investors under the FIRB regime with effect from 29 July 2022. All applications made under the FIRB regime are subject to a prescribed fee. From 29 July 2022, the lowest application fee will be $4,000, with the maximum being $1.045 million. The application fee payable depends on the nature and value of the acquisition for which approval is sought.
Treasury evaluation prompts further reforms to Australian foreign investment framework
Australia: Treasury evaluation prompts further reforms to Australian foreign investment framework 02 April 2022 Cooper Grace Ward Your LinkedIn Connections with the authors The Federal Government has announced further reforms to Australia's foreign investment framework. The reforms seek to minimise the regulatory burden on foreign investors. Background and overview On 1 January 2021, major reforms to Australia's foreign investment framework commenced.
Has your entity filed its modern slavery statement for 2021?
Australia: Has your entity filed its modern slavery statement for 2021? 09 December 2021 by Andrew Corkhill , Tom Jury and Lochlann Woodall Cooper Grace Ward Your LinkedIn Connections with the authors To print this article, all you need is to be registered or login on Mondaq.com. Entities that carried on business in Australia and had a consolidated revenue above $100 million in FY2021 are required to submit a modern slavery statement prior to 31 December 2021.
Queensland releases new exploration acreage for petroleum and gas and greenhouse gas storage
Australia: Queensland releases new exploration acreage for petroleum and gas and greenhouse gas storage 02 December 2021 by Andrew Corkhill and Harvey Hope Cooper Grace Ward Your LinkedIn Connections with the authors To print this article, all you need is to be registered or login on Mondaq.com. On 24 November 2021, the Queensland Government released over 28,000 km2 of land for petroleum and gas, and greenhouse gas storage, exploration.
New petroleum exploration opportunities available in Queensland
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Federal Government establishes $300 million fund to advance Australian hydrogen production
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Queensland forges ahead with coal and gas exploration acreage release in Bowen and Surat Basins
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Federal Government temporarily bolsters foreign investment review regime in response to COVID-19
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Queensland unlocks new coal and gas exploration acreage
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Queensland unlocks new coal and gas exploration acreage - Cooper Grace Ward | Lexology
Australia
February 11 2020 The Queensland Government has released more than 7,000 km² of land for petroleum and gas and coal exploration.
Market-based causation - the Myer securities class action - Litigation, Mediation & Arbitration - Australia
To print this article, all you need is to be registered or login on Mondaq.com. The Myer case is a landmark case for two reasons. First, it is the first Australian securities class action to proceed to judgement. Second, the Federal Court of Australia has accepted 'market-based causation', which has long been debated in Australia.
the Myer securities class action
To print this article, all you need is to be registered or login on Mondaq.com. The Myer case is a landmark case for two reasons. First, it is the first Australian securities class action to proceed to judgement. Second, the Federal Court of Australia has accepted 'market-based causation', which has long been debated in Australia.
Market-based causation - the Myer class action | Lexology
The Myer case is a landmark case for two reasons. First, it is the first Australian securities class action to proceed to judgement. Second, the Federal Court of Australia has accepted ‘market-based causation’, which has long been debated in Australia.
Hydrogen fuel in Queensland
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Mining safety reforms to establish independent regulator | Lexology
Australia
September 6 2019 Dr Anthony Lynham, Minister for Natural Resources, Mines and Energy has introduced legislation to Parliament to establish an independent safety and health regulatory body funded by a levy on Queensland resources companies.
Waste disposal levy to be introduced across Queensland | Lexology
Australia
March 18 2019 A new waste management and resource recovery strategy developed by the Queensland Government will be underpinned by a new waste levy commencing on 1 July 2019. A review of existing waste regulations in Queensland triggered the change to a risk-based approach to managing waste in the State.
Further exploration acreage released in QLD following coal reserves upgrade | Lexology
Australia
February 7 2019 While announcing the recent round of successful tenders for the exploration of coal and minerals in Queensland, Minister for Natural Resources, Mines and Energy, Dr Anthony Lynham, declared more land open for exploration across the State. The move to unlock further land for exploration follows a recent geological report commissioned by the Queensland Government that substantially upgraded coal reserve estimates across the State’s coal provinces.
PPSR seven year registrations: time to renew? | Lexology
Australia
January 8 2019 The Personal Properties Securities Register (PPSR) will be seven years old on 30 January 2019; accordingly, security interests with seven year registration periods will, unless renewed, expire from 30 January 2019. The seven year security interest is the most common registration period and is the maximum period of registration for goods with a serial number (such as motor vehicles).
Overhaul of Queensland’s resource sector financial assurance and rehabilitation framework | Lexology
The Mineral and Energy Resources (Financial Provisioning) Act 2018 (FP Act) was passed by the Queensland Parliament on 14 November 2018 after much scrutiny since its first reading in bill form earlier in the year. The FP Act will commence on a day to be fixed by proclamation and will entail a significant overhaul of the financial assurance and rehabilitation framework for Queensland’s resources sector.
Treasurer uses FIRB powers to reject CKI’s $13 billion bid for APA Group on ‘national interest’ grounds | Lexology
Hong Kong-based company CK Infrastructure Group’s (CKI) $13 billion bid to buy Australian APA Group and its energy network has been rejected by Treasurer Josh Frydenberg. The Foreign Investment Review Board failed to reach a unanimous ruling on the tender application but expressed concerns that the acquisition would give a single foreign company monopoly of a majority of Australian pipelines.
Calls to tender for further coal seam gas exploration acreage opened by QLD Government | Lexology
Natural Resources, Mines and Energy Minister Anthony Lynham has announced the Queensland Government has opened up for exploration a further 6,600 square kilometres of land with coal seam gas potential. Tenders are open until 28 February 2019 for companies to bid on the right to explore the land in Southern Queensland, west of Chinchilla in the Bowen and Surat basins.
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