An ahead market in the national electricity market (NEM) is a step closer, with the Australian Energy Market Commission recently issuing a consultation paper on the implementation of a short-term forward market to operate alongside the NEM.
The High Court’s decision in the high-profile Rinehart/Hancock dispute highlights the importance of drafting clear arbitration clauses if they are to be effective in keeping disputes between the parties out of the public eye.
How does the screening process work for foreign investment in Australia’s energy and resources sector? G+T Corporate Advisory partners Ben Macdonald and Deborah Johns present a comprehensive guide to the rules governing foreign investment in Australia’s mining, oil and gas, power and renewable energy industries.
Energy and resources companies could be classified as covert agents acting on behalf of foreign governments and state-owned entities to exert political influence in Australia under the recently commenced Foreign Influence Transparency Scheme Act 2018 (Cth) (Scheme).
Today, the High Court of Australia handed down its decision on the various appeals brought in relation to the decision the Full Court of the Federal Court in Griffiths v Northern Territory  FCAFC 107 (which itself was an appeal from the first instance decision by Justice Mansfield in Griffiths v Northern Territory of Australia (No 3)  FCA 900). Appeals were brought by the Northern Territory, Commonwealth and the Ngaliwurru and Nungali Peoples in relation to the compensation payable pursuant to section 51 of the Native Title Act 1993 (Cth) (NTA) for the extinguishment of native title.
The Bill extends the corporate whistleblower regime in the Corporations Act and creates a whistleblower regime in the Taxation Administration Act 1953 (TAA) for disclosures of information by individuals regarding tax law breaches or misconduct relating to an entity’s affairs.
To ensure enforceability of a bank guarantee (or other instrument), it is important to comply strictly with any prescribed form or wording requirements for legal communications relating to that instrument.
For the first time, the Department of Mines, Industry Regulation and Safety (DMIRS) is closing all of its offices (Perth and regional) over the Christmas to New Year period (from Monday, 24 December 2018 to Wednesday, 2 January 2019, both inclusive). Over the counter hard copy transactions will not be possible from Monday, 24 December 2018 to Wednesday, 2 January 2019. Normal services will resume on 3 January 2019.
The Federal Government has recently published a discussion paper titled ‘Decommissioning Offshore Petroleum Infrastructure in Commonwealth Waters’. We outline in this article the reforms considered in the discussion paper in respect of legal and financial responsibility for decommissioning and how those reforms could impact offshore oil and gas M&A activity.
We have been aware that the Western Australian Office of State Revenue (OSR) has been reviewing the treatment of farm-in agreements for some time and on 28 November 2018, the Minister for Finance announced amendments to the duties concession for farm-in agreements.