22 Jun 2020 Corporate and commercial Hemp industry will welcome better access to overseas markets following Export Control Act amendments Exports of medicinal cannabis and low-THC goods will now qualify for Australian government certification, which is required to meet the importing requirements of many overseas countries.
24 May 2020 Corporate and commercial Tax payable by foreign beneficiaries of non-fixed trusts on capital gains Federal Court confirms the ATO's preliminary view on the taxation of capital gains made by the trustee of an Australian non-fixed trust in Peter Greensill Family Co Pty Ltd v Commissioner of Taxation [2020] FCA 559.
12 May 2020 Corporate and commercial Turning over the leaf: TGA to review CBD scheduling TGA to consider making CBD available over-the-counter in Australia following public consultation.
8 May 2020 Corporate and commercial ASX latest comments on class waivers and other capital raising instruments 1 May 2020 announcement provides further clarification on how ASX determines whether to allow listed entities to rely on the class waivers
1 May 2020 Corporate and commercial ASX announces amendments to emergency capital raising relief Listed entities with plans to raise urgent capital should be aware of the changes, which apply to capital raising announced from 23 April 2020.
16 Apr 2020 Corporate and commercial Impact of COVID-19 on dividends: Modifying dividends after the decision to pay is made Due to COVID-19, the environment in which companies have decided to pay dividends may be vastly different from the environment in which dividends are due to be paid to shareholders.
15 Apr 2020 Corporate and commercial Update on superannuation guarantee amnesty and impact of COVID-19 The superannuation guarantee amnesty is now in force and the ATO has introduced flexible payment terms for employers adversely affected by COVID-19.
1 Apr 2020 Corporate and commercial Impact of COVID-19 on dividends: What are the legal requirements for payment of dividends? Many companies will be reviewing their dividend policies in response to the adverse economic impacts of COVID-19.
1 Apr 2020 Corporate and commercial ASX Compliance Update In response to the COVID-19 pandemic, the ASX has advised that it is proposing a temporary emergency class order waiver under listing rule 18.1 (Class Waiver) to help facilitate capital raisings up to 31 July 2020.
25 Mar 2020 Corporate and commercial Discretionary trusts, stamp duty and land tax surcharges It may be necessary to amend discretionary trust deeds to expressly exclude foreign beneficiaries where foreign persons are not intended to be potential beneficiaries. Otherwise, stamp duty and land tax surcharges may apply.