COVID-19 | Electronic signing and virtual meetings: New temporary relief for companies a significant step on a longer journey
In a significant development for companies, the Treasurer has utilised his new power to modify the Corporations Act 2001, the Corporations Regulations 2001, the Insolvency Practice rules, and the Passport Rules so that, for a period of six months effective from 6 May 2020: entities can hold virtual meetings without the need for a physical location; […]
ReadmoreCOVID-19 | Webinar | JobKeeper | One month on
It’s one month since the JobKeeper payment was announced, and our panel of experts discussed what we are seeing in the market at the moment. Gadens Partners Siobhan Mulcahy (Employment Advisory), Peter Poulos (Corporate Advisory & Tax) and Andrew Kennedy (Property & Construction) covered the ‘in-the-field’ challenges, practicalities and strategies in implementing JobKeeper, and how […]
ReadmoreCOVID-19 | The JobKeeper Payment – What this might mean for your business [updated to be current as at 26 April 2020]
The Coronavirus Economic Response Package (Payments and Benefits) Act 2020 (Cth) (Payments and Benefits Act) and Coronavirus Economic Response Package Omnibus (Measures No. 2) Act 2020 (Cth) (Omnibus Act) implement a framework for economic response payments known as the JobKeeper scheme and temporarily amends the Fair Work Act 2009 (Cth) (FW Act) by applying specific COVID-19 provisions. Following the […]
ReadmoreCOVID-19 | Asset Protection
The issue of asset protection often doesn’t materialise until it’s too late, however the current COVID-19 crisis should serve as a reminder that all those who personally own a business, are company directors, or even those in professional services should take legitimate steps to protect their assets. Much like when Kerry Packer told everyone who […]
ReadmoreFMCG Express | April Edition
It has been a tumultuous start to 2020, with the devastating droughts and bushfire season, followed by the COVID-19 pandemic. Australian businesses have been faced with unprecedented challenges, and the impact on the FMCG, retail and hospitality sectors has been profound. While some areas of the FMCG sector are on the up, others are struggling, […]
ReadmoreCOVID-19 | Webinar | When a party cannot meet its contract obligations
In this pre-recorded webinar, Dudley Kneller, a partner in the Intellectual Property and Technology team, speaks to LexisNexis about force majeure and outlines how you can protect your business by understanding your key legal and commercial arrangements and addressing major supply and delivery risks. You can read the related article here, published by LexisNexis. […]
ReadmoreCOVID-19 | Webinar | The JobKeeper Payment: What this might mean for your business
To assist companies through the economic impacts of COVID-19, the Federal Government recently announced the JobKeeper Payment package. Under the support package, eligible businesses impacted by the coronavirus will be able to access a subsidy from the Government to continue paying their employees. Eligible employers will be able to claim a fortnightly payment of $1,500 […]
ReadmoreCOVID-19 | Changes to foreign investment framework
What has happened? On Sunday, 29 March 2020, amid fears that the coronavirus associated downturn will result in foreign entities preying upon distressed Australian businesses, the Treasurer announced that the threshold amounts which apply in determining whether particular foreign investments are subject to Australia’s foreign investment framework are now $0. Does this affect my deals […]
ReadmoreCOVID-19 | Financial Assistance for Employers and Employees
Many Australians have been negatively impacted by the coronavirus (COVID-19) pandemic. For business, this has involved significant decreases in turnover, and for individuals, the loss of jobs and reductions in income. In response to this crisis, the Australian Government has introduced a number of financial support measures, including those set out in the Coronavirus Economic Response […]
ReadmoreContinuing Professional Development – 31 March 2020 | Legal ethical dilemmas in commercial and corporate transactions
Below you will find the recording from our recent Continuing Professional Development morning, hosted via webinar on Tuesday, 31 March 2020. If you have any queries regarding the session topic, or related issues, please do not hesitate to get in touch with the presenters or our wider team. Legal ethical dilemmas in commercial and corporate […]
ReadmoreCOVID-19 | Director’s duties amid recent changes to insolvency law
With the impact of COVID-19 well and truly being felt by business, many may be heartened by the Government’s recent temporary changes to insolvency laws. What all directors need to remember however, is that their conduct is not only policed by sections 588G and 588M of the Corporations Act 2001 (Cth) (Act), but also by […]
ReadmoreCOVID-19 | ‘Business days’ when business has changed
The ‘business day’ in a new light As at 29 March 2020, the Morrison Government had announced sweeping shutdowns in response to the COVID-19 pandemic. Pubs and gyms are among those deemed ‘non-essential’ businesses and required to shut down. Businesses which do not fall under this qualification, including banks, remain open. Australians are being advised […]
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