Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 19 DECEMBER 2006

Corporate Update – December 2006

Gadens Lawyers
Explore more from Gadens Lawyers

On 14 August 2006 Parliamentary Secretary to the Treasurer Chris Pearce announced that changes to the Corporations Act 2001 (Cth) aimed at simplifying the day-to-day administration of companies are expected to proceed in the coming months.

AustraliaCorporate/Commercial Law

Contents

  • Proposed legislation simplifies company administration
    • Proposed changes to fundraising laws
    • Proposed company administration and reporting changes

    Proposed Legislation Simplifies Company Administration

    On 14 August 2006 Parliamentary Secretary to the Treasurer Chris Pearce announced that changes to the Corporations Act 2001 (Cth) aimed at simplifying the day-to-day administration of companies are expected to proceed in the coming months.

    28 out of over 50 reform proposals first touted in April this year will be further detailed in a proposal paper expected to be released to the public for feedback next month.

    The following is a summary of the reform proposals that are expected to surface:

    We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

    Register for freeORLog in

    Related Articles

    Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

    Read more about

    Related Comparative Guides

    See more popular content from

    Video

    Misrepresentation In Commercial Contracts Under Australian Law

    Misrepresentation in commercial contracts can expose businesses to significant legal and financial consequences, particularly where inaccurate statements, misleading disclosures, or unrealistic forecasts induce entry into a transaction. Under Australian law, parties may pursue remedies through both common law misrepresentation claims and statutory misleading or deceptive conduct provisions under the Australian Consumer Law, with potential outcomes including rescission, damages, and compensation orders.
    AustraliaCorporate/Commercial Law
    Stonegate Legal
    Stonegate Legal
    Article

    Force Majeure Clause Risks In Australia Explained

    Force majeure clauses in Australian contracts determine whether extraordinary events can suspend, delay, or excuse contractual obligations, but relief depends entirely on precise wording and strict compliance with notice and mitigation requirements. Understanding when businesses can legally invoke force majeure versus when they risk breach of contract claims is critical for managing commercial disruption.
    AustraliaCorporate/Commercial Law
    Stonegate Legal
    Stonegate Legal
    Article

    Frustration Of Contract Explained: Can You Legally Walk Away?

    Frustration of contract is widely misunderstood in Australian law, with many assuming contracts automatically end when circumstances become difficult or expensive. This guide examines the strict legal test applied by Australian courts, explaining when supervening events truly discharge contractual obligations and why financial hardship, increased costs, and commercial difficulties typically fall short of the frustration threshold.
    AustraliaCorporate/Commercial Law
    Stonegate Legal
    Stonegate Legal
    Article

    What Is The Liability Under A Contractor Agreement In Australia?

    A contractor agreement determines who pays when work goes wrong. Independent contractors carry their own commercial risk, unlike employees, so the agreement allocates that risk in detail. Liability commonly arises from breach of contract, intellectual property infringement, and breaches of confidentiality. Indemnities, liability caps and insurance requirements are the three tools that allocate it. Australian law puts limits on that allocation. Consumer guarantees under the Australian Consumer Law apply automatically, and no contract can exclude them.
    AustraliaCorporate/Commercial Law
    LegalVision
    LegalVision
    Article

    Dividend Payments - Key Issues For Australian Company Directors

    Dividends are a common way for companies to distribute value to shareholders, but whether to declare or pay a dividend is not simply a commercial decision. Directors must ensure that any dividend complies with the Corporations Act 2001 (Cth) (Corporations Act), the company’s constitution and relevant governance requirements, while considering their duties to the company and its creditors.
    AustraliaCorporate/Commercial Law
    Bartier Perry Solicitors
    Bartier Perry Solicitors