09/03/2017

Welcome to the latest update from Gilbert + Tobin's Corporate Advisory team.  The update provides a summary of key recent legal developments, particularly relevant to in-house counsel.

In this issue, you will find:

Legislation and proposed legislation

  • Government consults on measures to increase transparency of beneficial ownership of companies
  • Government consults on exposure draft legislation to implement an ASIC industry funding model
  • State Economics Legislation Committee tables its report on the Competition and Consumer Amendment (Misuse of Market Power) Bill 2016
  • Government signals potential review of section 631(2)(b) of the Corporations Act relating to ability to fund a takeover bid once publicly proposed
  • Government consults on water entitlement registration rules

Tax

  • Stapled structures under the spotlight
  • Foreign resident CGT withholding tax and public market transactions
  • Bills to combat multinational tax introduced

Other

  • Government releases Carnell report into banking practices

Other G+T publications

  • Mandatory data breach reporting arrives in Australia

Cases

  • Clarification of the meaning of ‘managerial or executive office’ for the purposes of the termination payments regime: Nichol v Discovery Africa Limited [2016] FCAFC 182
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