The Australian Federal Government has passed major changes to the Privacy Act 1988 (Cth) in the form of the Privacy Legislation Amendment (Enforcement and Other Measures) Bill 2022. These changes signal a call to action for organisations to review their privacy, security, and information handling practices.
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With recent news of significant data breaches at major corporations, there are a number of questions being asked from Boardrooms to kitchen tables all across Australia. Some common questions include, what went wrong? Are we at risk? And how can we protect ourselves from similar events in the future?
New legal precedent (Federal and State case law), data matching initiatives and a trend towards a hybrid working arrangement influenced by the gig economy, have led to an increase in ATO and State Revenue Office scrutiny around the engagement with contractors by employers.
Legislation for the long awaited FBT exemption for electric vehicles has finally passed through the Senate. A few amendments moved by the Greens were agreed to by the Government in order to get the legislation through. Here is a summary of the new rules.
With soaring building costs and interest rates on the rise, builders and property developers are seeing their margins eroded and losses accumulating from development projects.
There have been pressure systems gathering momentum along two fronts. Whilst they have largely gone unnoticed by many in the industry, collisions between the two have occurred and left some casualties in the M&A space. Previously, it was regarded by many deal-makers that employer obligations were quite low in risk. However, multiple enforcement agencies are focusing on unpaid employee entitlements and contract hire labour. The uptick in compliance activity has coincided with growth in the M&A space, leading many to believe there are huge levels of unquantified risk in the market – often not covered by warranty and indemnity insurance.
When it comes to M&A transactions, obtaining a truly clear exit is often a lot harder than it seems.
Once Travis Williams, owner and CEO of Box+Dice, decided he was interested in selling the business, he wanted to ensure he received a premium price for his years of hard work, whilst also ensuring Box+Dice and its people would continue to be supported in the future.
No one M&A transaction is the same. Each brings about their own unique set of considerations and conditions.
Our client was a subsidiary of a US-listed entity, which was then acquired by a Japanese company (Parent company).
A well-renowned listed Japanese company (the Parent company) successfully expanded their business into New Zealand and decided to replicate the same model into Australia.
A reputable Japanese company (Parent company) acquired an Australian entity operation prior to the outbreak of COVID-19.