Australian Labour & Employment - April 2014

MESSAGE FROM THE EDITOR

Following the raft of proposed changes set out in the Fair Work Amendment Bill 2014 (Cth) released earlier this year, there has been a relative dearth of new labour and employment legislation proposed by the Federal Government. There have, however, been other recent developments in Australian Privacy and Corporations Law which will impact upon Australian employers, most notably the Australian Securities and Investments Commission Consultation Paper 218 on Employee Incentive Schemesand the commencement of the changes to the Privacy Act 1988 (Cth) introduced by the Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Cth).

The Consultation Paper proposes various changes that will make it simpler for companies to obtain relief from the licensing and disclosure requirements in Chapters 6 and 7 of the Corporations Act 2001 (Cth) for the issue of certain types of quasi-equity interests to employees under a new Employee Incentive