Corporate

Corporate

Corporate

Corrs advise public and private companies, both large and small, young and old, on corporate, securities and commercial matters.

Our commitment to our clients’ businesses, and understanding of their industries, enables us to provide commercially focused advice.

Our expertise covers mergers and acquisitions, capital markets, joint ventures, procurement, financial services, private equity, corporate recovery, superannuation, corporate governance and energy and resources.

Our corporate advisory lawyers work closely with other Corrs' specialist teams to provide timely strategic and technical legal advice to support our clients’ business objectives.

Our Experts

Andrew Lumsden.jpg

Andrew Lumsden

Partner Location Sydney Profile
Andrew-Mackenzie.jpg

Andrew Mackenzie

Special Counsel Location Brisbane Profile
MESSENGERATH.jpg

Andrew Messenger

Partner Location Sydney Profile
OHARAAnnette.jpg

Annette O'Hara

Special Counsel Location Brisbane Profile
Braddon Jolly.jpg

Braddon Jolley

Partner Location Sydney Profile
Christian Owen.jpg

Christian Owen

Partner Location Perth Profile
DALEY Felicity website grey SIZED TH

Felicity Daley

Special Counsel Location Sydney Profile
RILEY-SMITHJaclynwebsitegreySIZEDTH.jpg

Jaclyn Riley-Smith

Partner Location Sydney Profile
MORLEY James website grey SIZED TH

James Morley

Partner Location Melbourne Profile
SHIRBIN James website grey SIZED TH

James Shirbin

Special Counsel Location Sydney Profile
HEATHJaredwebsitegreyFAKESIZEDTH.jpg

Jared Heath

Special Counsel Location Melbourne Profile
Jeremy Horwood.jpg

Jeremy Horwood

Partner Location Brisbane Profile
DWYERJoannewebsitegreySIZEDTH.jpg

Joanne Dwyer

Special Counsel Location Brisbane Profile
John Walter.jpg

John Walter

Partner Location Melbourne Profile
FARRERJonathanwebsitegreySIZEDTH.jpg

Jonathan Farrer

Partner Location Melbourne Profile
FOXJustinTH.jpg

Justin Fox

Partner Location Melbourne Profile
HUANGLimingTH.jpg

Liming Huang

Special Counsel Location Melbourne Profile
KNIGHTLizzie_3.jpg

Lizzie Knight

Partner Location Sydney Profile
Michael Chaaya.jpg

Michael Chaaya

Partner Location Sydney Profile
Philip Kapp.jpg

Philip Kapp

Consultant Location Sydney Profile
CLARKE Robert website grey SIZED TH

Robert Clarke

Partner Location Melbourne Profile
Robert Franklyn.jpg

Robert Franklyn

Partner Location Perth Profile
Russell Phillip.jpg

Russell Philip

Partner Location Perth Profile
Sandy Mak.jpg

Sandy Mak

Partner Location Sydney Profile
Simon Morris.jpg

Simon Morris

Special Counsel Location Melbourne Profile
DAVESONStephaniewebsiteTH.jpg

Stephanie Daveson

Partner Location Brisbane Profile
CLAGUEStuartwebsitegreySIZEDTH.jpg

Stuart Clague

Special Counsel Location Brisbane Profile

Our Thinking

Banks breathe easy for now

It’s being hailed as a win for the banks. But could this week’s High Court decision in favour of ANZ be a pyrrhic victory?

More

Each organ is sovereign in its sphere: The distribution of corporate power

A recent series of cases in the Federal Court and Full Federal Court have re-affirmed the basis for the distribution of corporate power between the members in general meeting and the board of directors.

More

The New Insider Trading Trend: Harsher Penalties and Greater Risks for Businesses – Part Two

By pursuing recent high profile cases against Richard Kamay, Steven Xiao and Oliver Curtis, ASIC has shown that it will prosecute those who have engaged or been involved in insider trading. What does this mean for you and your business?

More

The New Insider Trading Trend: Harsher Penalties and Greater Risks for Businesses – Part One

By pursuing recent high profile cases against Richard Kamay, Steven Xiao and Oliver Curtis, ASIC has shown that it will prosecute those who have engaged or been involved in insider trading.

More

Digital disruption and demonstrations: Indonesia regulates transport and other apps

A new Transport Ministry regulation reflects increased attention on app providers.

More

DEHP’s new weapons to ensure clean-up of mining sites: are you in the firing line?

Recent amendments to Queensland’s environmental laws give the DEHP wide powers to ensure the clean-up of mining sites, and create new liabilities for ‘related persons’. Are you a related person? You might be surprised by the answer…

More

Superannuation slammed and carved up in budget – the reform cycle continues

Sweeping superannuation changes that will significantly impact industry and all superannuants have been announced by the Federal Government in its 2016/2017 Budget

More Download

Federal Budget 2016-17 – Key tax measures for business

Last night, the Federal Treasurer, Scott Morrison MP, released the 2016-7 Federal Budget. With an announcement regarding an election expected to be imminent, the Government has released a conservative budget that doesn’t tackle structural tax reform

More

In-play betting – don't bet on it

The Corrs Gaming & Wagering practice group provide an update on in-play betting in Australia following the release of the Federal Government’s views about future changes to online gambling regulation.

More

ASIC Release Guidance on Marketplace lending

ASIC has issued an information sheet (INFO 213) to provide guidance on the regulatory requirements that apply to peer-to-peer lending programs that necessitate the adoption of a managed investment scheme business model.

More

“Quick and dirty” adjudication; it is quick but there is a limit to how dirty

In the recent decision of BGC Contracting Pty Ltd v Citygate Properties Pty Ltd [2016] WASC 88, the Supreme Court of Western Australia quashed two adjudication determinations made by the same adjudicator under the Construction Contracts Act (WA) 2004

More

Financial services providers beware: Results from ASIC’s latest enforcement report

19 criminal and 43 civil cases are currently before the Courts with ASIC taking enforcement action for breaches of financial services law including for unlicensed conduct, dishonest conduct and misleading statements.

More

Merchants beware: ACCC given powers to stop excessive surcharging

With the recent amendment to the Competition and Consumer Protection Act 2010, the ACCC has been given the power to take action where merchants charge customers excessive surcharges for paying for goods and services with credit or debit cards.

More

Robo-advice gets regulated: consultation on new regulatory guide commences

ASIC has reaffirmed its “technology neutral” approach to financial services regulation in a new consultation to address organisational competence, “adequate resources” and risk management issues associated with robo-advice.

More

Reform fatigue as superannuation consultation commences once again

The Productivity Commission’s review into the competitiveness and efficiency of Australia’s superannuation system is underway with public consultation now occurring.

More

Will the year of the fire monkey burn corporate Australia’s ambitions in 2016?

Our key predictions on what Australia can expect from the Chinese year of the fire monkey.

More

Encouraging Innovation through Insolvency Reform

The Turnbull Government’s Innovation Reforms provide for a more flexible approach to restructuring which will assist entrepreneurship and existing businesses battle digital disruption.

More

Small business, consumer protection, agriculture and excessive credit card surcharges: the ACCC’s enforcement priorities for 2016

On 23 February 2016, Rod Sims launched the 2016 ACCC Compliance and Enforcement Policy. The ACCC has identified new enforcement priorities that include enforcement actions against large businesses, consumer guarantees and agriculture.

More

A fish rots (only) from the head?

The well-known maxim that a fish rots from the head down gives the clear message that when an organisation has failings, its leaders are to blame. Regulators are making a concerted push for greater enforcement powers- focussing on failures in corpora

More

Life insurers hit with FOFA-like reforms

New legislation introduced into Parliament will remove the life insurance exemption from the ban on conflicted remuneration and instead substitute new “benefit ratio” rules for life insurance products.

More

It’s time to make good on the innovation nation and welcome foreign investment in agriculture

Treasury issued its report on Thursday 18 February 2016 - “Foreign Investment into Australia”.

More

Year of the Monkey – Riding the third wave

In 2015 China’s outbound M&A volume increased for the sixth consecutive year to a record high of $111.9 billion in 2015, breaching the $100 billion mark for the first time ever.

More

Superannuation review announced – with bigger things to come

The efficiency and competitiveness of Australia’s superannuation system will be under the microscope following an inquiry announced by the Federal Government.

More

APRA’s RSE governance reforms on hold – for now

In a letter to all RSE licensees, APRA has confirmed its proposed amendments to SPS 510 Governance and other prudential standards (on which we have previously reported) will not be progressed in the immediate future.

More

New Australian Biomedical Translation Fund: Crossing the “Valley of Death” from Research to Market

The new $250 million fund will invest in promising biomedical discoveries and accelerate their commercialisation.

More

High Court allows agreed civil penalty submissions with regulators

The High Court has set aside the Full Court decision and reinstates in excess of twenty years of authorities relating to the ability of parties that are the subject of civil prosecutions to make joint submissions about the appropriate pecuniary penal

More

Ideas boom full steam ahead - The Australian Government commits over $1 billion to science and innovation

The key measures that are front and centre of the Government’s National Innovation and Science Agenda.

More

Consultation commences on commission restrictions in life insurance

The exemption from the FOFA conflicted remuneration provisions for life risk insurance products will be significantly amended from 1 July 2016 under draft legislation released by the Federal Government for consultation.

More

New laws target financial adviser competency

Minimum education standards, a professional training year, a mandatory exam and continuing professional development requirements will be developed by a new independent standards body for financial advisers.

More

APRA’s enforcement priorities for RSEs in 2016 – know them well and be prepared

Conflicts of interest, insurance in superannuation, investment governance, liquidity management, remuneration disclosure and risk management frameworks are high-priority areas for APRA.

More

Are you prepared for the new oil and gas reporting requirements under the Listing Rules?

Recent market announcements suggest not all ASX listed oil and gas companies are prepared for the significant changes to the ASX Listing Rules which take effect from 1 December 2013.

More

Board paper annotations and directors’ notes: To keep or not to keep, that is the question...

The introduction of electronic board papers into the boardroom is an excellent time to reconsider your policies around the destruction of physical and electronic board paper annotations and directors’ notes.

More

Federal Court clarifies the limitations of the “underwriters’ exception” to Listing Rule 7.1

The Federal Court has clarified the proper application of ASX Listing Rule 7.1 (known as the “15% rule”) and the limitations of ASX Listing Rule 7.2.

More

Continuous Disclosure Guidance Note rewrite - A welcome insight

The proposed changes to Continuous Disclosure Guidance Note 8 do not radically change the landscape, but nonetheless do provide clarification and insight into ASX and ASIC’s approach to applying and enforcing Australia’s continuous disclosure laws.

More Download

Proposed changes to mining and petroleum reporting

ASX has released its exposure draft of proposed amendments to Chapter 5 of the ASX Listing Rules and related Guidance Notes.

More Download

The High Court and James Hardie

This long running saga took another turn when the High Court allowed the appeal and held that the primary judge was correct in finding that the directors and the company secretary and general counsel breached their duties to the company.

More Download

The High Court decision in James Hardie and impact for general counsel

The role of general counsel and of company secretaries has expanded in recent times to a point where both roles now are roles of significance.

More Download

New South Wales stamp duty changes

An amending bill has been introduced into the New South Wales Parliament which will make significant changes to the corporate reconstruction exemption provisions and introduce a specific anti-avoidance measure into the landholder duty provisions.

More

Our Thinking

Banks breathe easy for now

It’s being hailed as a win for the banks. But could this week’s High Court decision in favour of ANZ be a pyrrhic victory?

Each organ is sovereign in its sphere: The distribution of corporate power

A recent series of cases in the Federal Court and Full Federal Court have re-affirmed the basis for the distribution of corporate power between the members in general meeting and the board of directors.

The New Insider Trading Trend: Harsher Penalties and Greater Risks for Businesses – Part Two

By pursuing recent high profile cases against Richard Kamay, Steven Xiao and Oliver Curtis, ASIC has shown that it will prosecute those who have engaged or been involved in insider trading. What does this mean for you and your business?

The New Insider Trading Trend: Harsher Penalties and Greater Risks for Businesses – Part One

By pursuing recent high profile cases against Richard Kamay, Steven Xiao and Oliver Curtis, ASIC has shown that it will prosecute those who have engaged or been involved in insider trading.

Digital disruption and demonstrations: Indonesia regulates transport and other apps

A new Transport Ministry regulation reflects increased attention on app providers.

DEHP’s new weapons to ensure clean-up of mining sites: are you in the firing line?

Recent amendments to Queensland’s environmental laws give the DEHP wide powers to ensure the clean-up of mining sites, and create new liabilities for ‘related persons’. Are you a related person? You might be surprised by the answer…

Superannuation slammed and carved up in budget – the reform cycle continues

Sweeping superannuation changes that will significantly impact industry and all superannuants have been announced by the Federal Government in its 2016/2017 Budget

Federal Budget 2016-17 – Key tax measures for business

Last night, the Federal Treasurer, Scott Morrison MP, released the 2016-7 Federal Budget. With an announcement regarding an election expected to be imminent, the Government has released a conservative budget that doesn’t tackle structural tax reform

In-play betting – don't bet on it

The Corrs Gaming & Wagering practice group provide an update on in-play betting in Australia following the release of the Federal Government’s views about future changes to online gambling regulation.

ASIC Release Guidance on Marketplace lending

ASIC has issued an information sheet (INFO 213) to provide guidance on the regulatory requirements that apply to peer-to-peer lending programs that necessitate the adoption of a managed investment scheme business model.

“Quick and dirty” adjudication; it is quick but there is a limit to how dirty

In the recent decision of BGC Contracting Pty Ltd v Citygate Properties Pty Ltd [2016] WASC 88, the Supreme Court of Western Australia quashed two adjudication determinations made by the same adjudicator under the Construction Contracts Act (WA) 2004

Financial services providers beware: Results from ASIC’s latest enforcement report

19 criminal and 43 civil cases are currently before the Courts with ASIC taking enforcement action for breaches of financial services law including for unlicensed conduct, dishonest conduct and misleading statements.

Merchants beware: ACCC given powers to stop excessive surcharging

With the recent amendment to the Competition and Consumer Protection Act 2010, the ACCC has been given the power to take action where merchants charge customers excessive surcharges for paying for goods and services with credit or debit cards.

Robo-advice gets regulated: consultation on new regulatory guide commences

ASIC has reaffirmed its “technology neutral” approach to financial services regulation in a new consultation to address organisational competence, “adequate resources” and risk management issues associated with robo-advice.

Reform fatigue as superannuation consultation commences once again

The Productivity Commission’s review into the competitiveness and efficiency of Australia’s superannuation system is underway with public consultation now occurring.

Will the year of the fire monkey burn corporate Australia’s ambitions in 2016?

Our key predictions on what Australia can expect from the Chinese year of the fire monkey.

Encouraging Innovation through Insolvency Reform

The Turnbull Government’s Innovation Reforms provide for a more flexible approach to restructuring which will assist entrepreneurship and existing businesses battle digital disruption.

Small business, consumer protection, agriculture and excessive credit card surcharges: the ACCC’s enforcement priorities for 2016

On 23 February 2016, Rod Sims launched the 2016 ACCC Compliance and Enforcement Policy. The ACCC has identified new enforcement priorities that include enforcement actions against large businesses, consumer guarantees and agriculture.

A fish rots (only) from the head?

The well-known maxim that a fish rots from the head down gives the clear message that when an organisation has failings, its leaders are to blame. Regulators are making a concerted push for greater enforcement powers- focussing on failures in corpora

Life insurers hit with FOFA-like reforms

New legislation introduced into Parliament will remove the life insurance exemption from the ban on conflicted remuneration and instead substitute new “benefit ratio” rules for life insurance products.

It’s time to make good on the innovation nation and welcome foreign investment in agriculture

Treasury issued its report on Thursday 18 February 2016 - “Foreign Investment into Australia”.

Year of the Monkey – Riding the third wave

In 2015 China’s outbound M&A volume increased for the sixth consecutive year to a record high of $111.9 billion in 2015, breaching the $100 billion mark for the first time ever.

Superannuation review announced – with bigger things to come

The efficiency and competitiveness of Australia’s superannuation system will be under the microscope following an inquiry announced by the Federal Government.

APRA’s RSE governance reforms on hold – for now

In a letter to all RSE licensees, APRA has confirmed its proposed amendments to SPS 510 Governance and other prudential standards (on which we have previously reported) will not be progressed in the immediate future.

New Australian Biomedical Translation Fund: Crossing the “Valley of Death” from Research to Market

The new $250 million fund will invest in promising biomedical discoveries and accelerate their commercialisation.

High Court allows agreed civil penalty submissions with regulators

The High Court has set aside the Full Court decision and reinstates in excess of twenty years of authorities relating to the ability of parties that are the subject of civil prosecutions to make joint submissions about the appropriate pecuniary penal

Ideas boom full steam ahead - The Australian Government commits over $1 billion to science and innovation

The key measures that are front and centre of the Government’s National Innovation and Science Agenda.

Consultation commences on commission restrictions in life insurance

The exemption from the FOFA conflicted remuneration provisions for life risk insurance products will be significantly amended from 1 July 2016 under draft legislation released by the Federal Government for consultation.

New laws target financial adviser competency

Minimum education standards, a professional training year, a mandatory exam and continuing professional development requirements will be developed by a new independent standards body for financial advisers.

APRA’s enforcement priorities for RSEs in 2016 – know them well and be prepared

Conflicts of interest, insurance in superannuation, investment governance, liquidity management, remuneration disclosure and risk management frameworks are high-priority areas for APRA.

Are you prepared for the new oil and gas reporting requirements under the Listing Rules?

Recent market announcements suggest not all ASX listed oil and gas companies are prepared for the significant changes to the ASX Listing Rules which take effect from 1 December 2013.

Board paper annotations and directors’ notes: To keep or not to keep, that is the question...

The introduction of electronic board papers into the boardroom is an excellent time to reconsider your policies around the destruction of physical and electronic board paper annotations and directors’ notes.

Federal Court clarifies the limitations of the “underwriters’ exception” to Listing Rule 7.1

The Federal Court has clarified the proper application of ASX Listing Rule 7.1 (known as the “15% rule”) and the limitations of ASX Listing Rule 7.2.

Continuous Disclosure Guidance Note rewrite - A welcome insight

The proposed changes to Continuous Disclosure Guidance Note 8 do not radically change the landscape, but nonetheless do provide clarification and insight into ASX and ASIC’s approach to applying and enforcing Australia’s continuous disclosure laws.

Proposed changes to mining and petroleum reporting

ASX has released its exposure draft of proposed amendments to Chapter 5 of the ASX Listing Rules and related Guidance Notes.

The High Court and James Hardie

This long running saga took another turn when the High Court allowed the appeal and held that the primary judge was correct in finding that the directors and the company secretary and general counsel breached their duties to the company.

The High Court decision in James Hardie and impact for general counsel

The role of general counsel and of company secretaries has expanded in recent times to a point where both roles now are roles of significance.

New South Wales stamp duty changes

An amending bill has been introduced into the New South Wales Parliament which will make significant changes to the corporate reconstruction exemption provisions and introduce a specific anti-avoidance measure into the landholder duty provisions.

Our Experts

Andrew Lumsden.jpg

Andrew Lumsden

Partner Sydney +61 2 9210 6385
Andrew-Mackenzie.jpg

Andrew Mackenzie

Special Counsel Brisbane +61 7 3228 9330
MESSENGERATH.jpg

Andrew Messenger

Partner Sydney +61 2 9210 6721
OHARAAnnette.jpg

Annette O'Hara

Special Counsel Brisbane +61 7 3228 9447
Braddon Jolly.jpg

Braddon Jolley

Partner Sydney +61 2 9210 6945
Christian Owen.jpg

Christian Owen

Partner Perth +61 8 9460 1708
DALEY Felicity website grey SIZED TH

Felicity Daley

Special Counsel Sydney +61 2 9210 6585
RILEY-SMITHJaclynwebsitegreySIZEDTH.jpg

Jaclyn Riley-Smith

Partner Sydney +61 2 9210 6150
MORLEY James website grey SIZED TH

James Morley

Partner Melbourne +61 3 9672 3193
SHIRBIN James website grey SIZED TH

James Shirbin

Special Counsel Sydney +61 2 9210 6083
HEATHJaredwebsitegreyFAKESIZEDTH.jpg

Jared Heath

Special Counsel Melbourne +61 3 9672 3545
Jeremy Horwood.jpg

Jeremy Horwood

Partner Brisbane +61 7 3228 9790
DWYERJoannewebsitegreySIZEDTH.jpg

Joanne Dwyer

Special Counsel Brisbane +61 7 3228 9375
John Walter.jpg

John Walter

Partner Melbourne +61 3 9672 3501
FARRERJonathanwebsitegreySIZEDTH.jpg

Jonathan Farrer

Partner Melbourne +61 3 9672 3383
FOXJustinTH.jpg

Justin Fox

Partner Melbourne +61 3 9672 3464
HUANGLimingTH.jpg

Liming Huang

Special Counsel Melbourne +61 3 9672 3132
KNIGHTLizzie_3.jpg

Lizzie Knight

Partner Sydney +61 2 9210 6437
Michael Chaaya.jpg

Michael Chaaya

Partner Sydney +61 2 9210 6627
Philip Kapp.jpg

Philip Kapp

Consultant Sydney +61 2 9210 6768
CLARKE Robert website grey SIZED TH

Robert Clarke

Partner Melbourne +61 3 9672 3215
Robert Franklyn.jpg

Robert Franklyn

Partner Perth +61 8 9460 1706
Russell Phillip.jpg

Russell Philip

Partner Perth +61 8 9460 1673
Sandy Mak.jpg

Sandy Mak

Partner Sydney +61 2 9210 6171
Simon Morris.jpg

Simon Morris

Special Counsel Melbourne +61 3 9672 3201
DAVESONStephaniewebsiteTH.jpg

Stephanie Daveson

Partner Brisbane + 61 7 3228 9493
CLAGUEStuartwebsitegreySIZEDTH.jpg

Stuart Clague

Special Counsel Brisbane +61 7 3228 9784