In this case, the Full Federal Court found that there were sufficient ‘practical benefits’ received by an employee director as consideration for his agreement to a reduced salary in circumstances where the company was likely to become insolvent. The case provides useful guidance on how the Court approaches the question of practical benefits as consideration for a contract variation.

The Australian Communications and Media Authority (ACMA) has recently been taking steps to ensure the telecommunications regulatory regime is ready for the full deployment of 5G.

Welcome to Edition 123 of Boardroom Brief. In this Edition, we consider the new Consumer Data Right, ESG reporting by the ASX200, climate change risk disclosure and scheme recommendations by interested directors.

Last week’s High Court decision in Comcare v Bannerji serves as a timely reminder to employers about the importance of setting out employees’ obligations under a code of conduct or other policy dealing with social media. 

The High Court of Australia has today ruled, in a unanimous joint decision, that the Commissioner of Taxation may use documents subject to legal professional privilege, which were obtained from the law firm providing the advice and disseminated widely (referred to as the Paradise Papers) in determining whether the Glencore group of companies were complying with Australian tax laws.

In this Edition, we consider the Productivity Commission’s review of resources sector regulation, ASIC’s proposed guidance on whistleblower policies and recent guidance on board minute taking practices.