As part of the Federal Government’s broad corporate insolvency reform package, Corporate Law Minister Chris Bowen has announced that the Federal Government will amend the Corporations Act 2001 (Cth) (the Act) to override the effect of the High Court’s decision in Sons of Gwalia v Margaretic [2007] HCA 1 (Sons of Gwalia).

The Employment Relations (Breaks and Infants Feeding) Amendment Act has received royal assent, not only introducing mandatory breaks for all employees but also controversially altering the KiwiSaver legislation under urgency without public consultation and as a change to this Amendment Act - the title and content of which is totally unrelated.

On Thursday, 9 July 2009, ASIC issued Class Order Relief permitting superannuation fund trustees and financial advisers to give more information and advice (intra fund advice) to members about their existing interests in their superannuation funds.

The Securities Regulations 2009 come into effect on 1 October 2009. In addition to introducing regulation for simplified disclosure prospectuses (allowing a simpler disclosure document for listed issuers), there are a number of other important changes that will affect all issuers.

The Australian Securities and Investments Commission (ASIC) and the Australian Securities Exchange (ASX) have recently announced changes to the rules governing partly-paid securities.

The Commonwealth Parliament passed the Aged Care Amendment (2008 Measures No 2) Act which amended the Aged Care Act 1997 and other legislation, which took effect on 1 January 2009.

The appointment of administrators to Whitcoulls in New Zealand will have prompted trade creditors and suppliers of Whitcoulls – and other companies – to consider their position during an administration. Administration provides the company with ‘breathing space’ during which the company’s viability can be assessed by the administrator.

Some of the uncertainty surrounding the operation of the superannuation borrowing provisions may soon be clarified, as a result of the introduction of the Superannuation Industry (Supervision) Amendment Bill 2010 (Bill) into Parliament on 26 May 2010.

The Government has announced its plan to reverse the law created by the Supreme Court’s decision in Peter Miles Davies v New Zealand Police [2009] NZSC 47. The move will enable criminal courts to use reparation sentences as a way of making up for any shortfall in Accident Compensation Corporation (ACC) payments received by a victim of crime. It will lead to increased exposure for many liability insurers.

SA will now join Tasmania in implementing the new model WHS legislation in January 2013, leaving WA and Victoria.

The Senate Committee on Legal and Constitutional Affairs conducted an Inquiry into the Exposure Draft of the Personal Property Securities Bill 2008.

Sports and law news.

It will be mandatory for each enterprise to pay such funds regardless of whether it has established a trade union.

Where a lender obtains judgment against a debtor the normal rule is that contractual rights merge in the judgment and from that time the right to contractual interest ends and the statutory rate of interest applies to the judgment amount.

The amendments clarify that the chair of the meeting can vote undirected proxies on a remuneration report resolution.

It is essential to check cross-references before entering into a contract.

The incidence of two major related loss events in a short period has raised complex insurance coverage issues.

Fewer aftershocks has given insurers and builders confidence to move ahead with settlement of claims by reinstatement.

The Law defines the legal status and authority of the "Russia-2018 Organisational Committee ("Committee").

An insurer should be granted relief from stay where the proceeds of the policy are clearly not property of the estate.