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Every company, director, partner, sole trader or trustee must understand their liability for debts thoroughly.

So you are a director of a company and you’ve received a Director Penalty Notice (DPN). Here’s a rundown on what that means and what you should do next.

The recent decision regarding the proposed takeover of paint manufacturer Wattyl Limited (Wattyl) provided an opportunity for the Takeovers Panel (Panel) to consider the appropriateness of the size of a break fee by reference to target annual profit rather than market capitalisation, and the appropriateness of failure to satisfy a regulatory condition as a trigger for payment of a break fee.

In and among the wider agenda of the Australian Federal Budget for 2011 – 2012 and the predictable Government rhetoric as to the aims of Government agencies, a preliminary review of the Portfolio Budget Statements reveals no significant changes in the Customs, Trade and Transport sectors.

In this episode of the Herbert Smith Freehills Kramer 'Tax Bites' podcast, host Toby Eggleston alongside Professor Graham Cooper and fellow partner Ryan Leslie, explore the complexities...

As foreshadowed in our Tax Note regarding the administration of the economic entitlement provisions in Part 4B of Chapter 2 of the Duties Act 2000...

The pace of regulatory change and increased scrutiny (35%), AI adoption & technology (32%), economic uncertainty and global geopolitics (15%).

Companies considering the acquisition of a private business in Australia should seek both legal and financial advice.

As the selling season for investments in agricultural projects is underway, it is timely to remind you about compliance with the Corporations Act 2001 (the Act) requirements imposed on responsible entities when marketing and distributing projects.

AFS licensees should have systems to ensure compliance with the obligation to identify and report significant breaches.

Section 155 notices are a powerful information gathering tool for the ACCC.

The New South Wales Occupational Health and Safety Legislation requires an owner of a place of work to appoint a principal contractor 'for the construction work' carried out by, or on behalf of, the owner.

Regulators such as ASIC are willing to use the personal liability of directors as a tool in their deterrence efforts.

On 5 November 2025, the High Court of Australia handed down judgment in Shao v Crown Global Capital Pty Ltd [2025] HCA 43, allowing an appeal from a decision of the New South Wales Court of Appeal...

Dualcorp, a sub-contractor, entered into a construction contract with Remo Constructions, the contractor, to carry out excavation and piling work at a building site at Five Dock, Sydney.

Where objections are lodged against a proposed compulsory acquisition under Chapter 6A of the Corporations Act, the residual holders can prevent the compulsory acquisition proceeding...

Australia's private debt market is undergoing a revolution. Once a niche segment of the financial landscape, it has now emerged as a central pillar of capital deployment, with assets under management reaching an impressive...