In the first decision of its type from a Superior Court, Justice Smith has today (14 June 2019) held that a compensation agreement made under the Native Title Act 1993 (Cth) with a native title claim group who, subsequent to their entry into the contract, had their claim dismissed is not enforceable, and was frustrated from the point at which the claim was dismissed.  This was so notwithstanding that a “trustee” company was incorporated and was party to the native title agreements in question.

Welcome to Edition 114 of Boardroom Brief.

This is a service specifically targeted at the needs of busy non-executive directors. We aim to give you a “heads up” on the things that matter for NEDs in the week ahead – all in two minutes or less.

G+T's Chief Operating Officer Sam Nickless speaks to The Australian about the firm’s work advising clients in the defining moments in a company’s commercial cycle – transactions, disputes and regulatory matters. He also discusses how the firm has diversified through G+T Innovate – providing legal technology and systems for in-house legal teams.

The National Offshore Petroleum Titles Administrator (NOPTA) has recently been advising titleholders that a dealing previously approved and registered against a predecessor petroleum title (eg. exploration permit) must be separately approved and registered against a derivative title (eg. retention lease) for the dealing to have legal force in relation to the derivative title. This article explains NOPTA’s position and the practical implications for parties to dealings and derivative titles.

This is a service specifically targeted at the needs of busy non-executive directors. We aim to give you a “heads up” on the things that matter for NEDs in the week ahead – all in two minutes or less.

As Australia moves towards a cashless society, bank system failures are having an increasing impact on customers and the economy. The Payment Systems Board will soon put into action the RBA's threats to intervene in bank system outages.