Corrs In Brief
Corrs In Brief offers the latest updates on legal issues and developments, focusing on their impact to your business and industry.
APRA’s supervision of conglomerate financial services groups
On 14 December 2012 the Australian Prudential Regulation Authority released for consultation proposed requirements for the supervision of conglomerate groups operating in the financial services industry.
Read MoreManaging Data Risk: APRA issues draft Practice Guide
As previously reported the Australian Prudential Regulation Authority (APRA) is continuing to caution banks, life insurers, general insurers and superannuation entities (Regulated Institutions) about the risks inherent in off-shoring and outsourcing.
Read MoreCarbon pricing ‘opt-in’ arrangements for fuel users
The Government has issued regulations setting out the criteria and procedure for certain fuel users to ‘opt-in’ to the carbon pricing mechanism from 1 July 2013.
Read MorePublic interest litigants - Order made to provide security for costs
In the recent decision of Illawarra Residents for Responsible Mining Inc v Gujarat NRE Coking Coal Ltd, the Court ordered a public interest litigant to provide security for costs of the respondent in the sum of $40,000.
Read MoreSection 138 Roads Act Approvals and Judicial Review: The Northern Eruv Incorporated v Ku-ring-gai Council [2012] NSWLEC 249
The Land and Environment Court has given recent judicial consideration to the scope of the Court’s power under section 39(2) of the Land and Environment Court Act 1979 to review approvals under section 138 of the Roads Act 1993.
Read MoreThe Part IVA changes
On Friday, 16 November, the Government released exposure draft legislation proposed to give effect to changes to the income tax general anti-avoidance rules in Part IVA of the Income Tax Assessment Act 1936.
Read MoreCommon sense prevails - Good news for brands incorporating INN stems
A recent decision from the Australian Trade Marks Office may signal a welcome change in practice as regards trade mark applications for marks incorporating INN stems in class 5.
Read MoreNew gender equity legislation and proposed overhaul of Federal anti-discrimination laws
Employers need to be aware of two recent developments in equal opportunity law: the Equal Opportunity for Women in the Workplace Amendment Act 2012 (Cth), and an Exposure Draft of the Human Rights and Anti-Discrimination Bill 2012.
Read MoreGas Fields Commission Bill 2012
The Queensland Government has introduced the Gas Fields Commission Bill 2012 into the Queensland Parliament.
Read MoreConstruction Contracts - A wider net than you think
Two recent decisions remind us that the Building and Construction Industry Security of Payment Act 1999 apply not just to construction contracts, but to arrangements for construction work more broadly.
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