Corporate Regulatory News

Proposed Legislation to Enable Crowd-sourced Funding for Proprietary Companies

Thursday 8 June 2017 @ 12.00 p.m. | Corporate & Regulatory | Trade & Commerce

The Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017 (the draft Bill) was released on 9 May 2017 for public consultation (consultation closed on 6 June 2017). The draft Bill, if enacted, would allow "proprietary companies" which meet certain eligibility requirements to have access to crowd-sourced funding (CSF).

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Federal Opposition Announces Plans to Stop "Phoenixing"

Thursday 25 May 2017 @ 10.39 a.m. | Corporate & Regulatory | Crime | Taxation | Trade & Commerce

The Federal opposition has announced that, in government, it would crack down on the practice known in corporations law circles as "Phoenixing". 

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NSW AG Asks NSWLRC to Review Laws Relating to Beneficiaries and Trusts

Wednesday 17 May 2017 @ 1.14 p.m. | Corporate & Regulatory | Legal Research | Trade & Commerce

In a Media Release dated Thursday, 11 May 2017,  the NSW Attorney General, Mark Speakman  (the Attorney General) announced that he had asked the NSW Law Reform Commission (NSWLRC) to review ". . . important aspects of the state's laws relating to the liability of beneficiaries of trusts".

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Productivity Commission to Investigate GST Carve Up

Thursday 4 May 2017 @ 9.47 a.m. | Corporate & Regulatory | Taxation | Trade & Commerce

By Media Release issued on 30 April 2017, the Federal Treasurer, Mr Scott Morrison, announced that he had tasked the Productivity Commission to undertake an independent inquiry into the system used to distribute GST revenue to the states and territories, known as "horizontal fiscal equalization" (HFE), which is the method which underpins the distribution of GST revenue by the Commonwealth to the States and Territories.

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Talacko v Bennett [2017] HCA 15: Foreign Judgments

In Talacko v Bennett [2017] HCA 15 (3 May 2017), the High Court of Australia has unanimously allowed an appeal from the Court of Appeal of the Supreme Court of Victoria (see Bennett v Talacko [2016] VSCA 179 (28 July 2016)).

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