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Privacy Act amended to increase penalties to a max of $50 million
The Privacy Legislation Amendment (Enforcement and Other Measures) Bill 2022 (Bill) was passed by both Houses of Parliament on the 28 November 2022 and now awaits Royal Assent. The Bill was passed with virtually no amendment.
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Digital games tax offset introduced by Albanese
The Albanese Labor Government has proposed a Digital Games Tax Offset (DGTO) of 30%, encouraging the growth of the digital games industry in Australia. Learn more about the DGTO and how it will create more jobs and international competitiveness.
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Employers now required to provide paid domestic violence leave
The Federal Government has proposed a bill that provides eligible employees with paid family and domestic violence leave. Find out more about the proposed changes and how they could affect your business.
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Failure to disclose – ACCC penalises Jim’s Group
Jim’s Group Pty Ltd fined $24,420 by The Australian Competition and Consumer Commission (ACCC) for alleged breaches of Competition and Consumer Regulation and misrepresentation of cooling off rights. Franchisors reminded to know their rights and obligations or face hefty financial penalties.
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Is a proposed settlement fair and reasonable in the Federal Court?
Class action lawsuits commonly resolve in a settlement between the members of a class and the respondents to a claim. However, there are strict requirements to proposed settlements, including that they are ‘fair and reasonable’, which will be subject to judicial oversight.
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Updated Franchise Disclosure Register
The Federal Government has proposed regulations for franchisors, including the creation of a Franchise Disclosure Register. Find out what this could mean for the franchising sector and how you could be affected.
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Resigning as director – when is it effective?
On 18 February 2021, the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (Cth) (Treasury Act) came into effect and introduced various measures to combat “phoenixing”. One of the reasons for this legislation was to help combat illegal phoenix activity which involves the creation of a new company to continue the business of an existing…
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What will the Federal Court consider ‘fair and reasonable’ in a proposed settlement?
Parties seeking to settle a class action must apply to the Federal Court for approval. Judges will assess the fairness of the settlement by examining factors such as the best possible recovery, risks of litigation, class reaction, and independent advice.
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Shareholder rights to access member registers and s168
Find out how a company’s obligation to disclose its register of members can affect shareholder rights and communication. Learn more by reading about the case of Hongkong Xinhe International Investment Company Limited v Bullseye Mining Limited [2020] WASC 276.
