In our December 2010 issue of Acumen, we published an article summarising the Exposure Draft - Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011 and the associated Explanatory Memorandum released by the Parliamentary Secretary to the Treasurer on Monday, 20 December 2010. A copy of our Submission in response to that draft Bill was lodged on 20 January 2011 and can be downloaded here. In our submission we have not sought to comment on all aspects of the draft Bill, but rather have focused on those issues which we believe we are in a position to make a meaningful contribution. The nature of our comments reflects our position as a legal adviser to a number of significant Australian companies who will be affected by the proposed rules.
As Australia debates reforms to non-compete clauses, the implications for venture capital (VC) and private equity (PE) firms are significant, particularly regarding business sales and funding...
While all eyes have been on the recent introduction of the privacy reform Bill to Parliament, there have been a number of other updates that continue to inform the shifting patterns of opportunity,...
Finally, the Australian Government has initiated the long-waited for Tranche 2 reforms to its anti-money laundering regime with considerable fanfare.