Insights

Climate-related Risks for Financial Services Companies

Climate-related Risks for Financial Services Companies

Key takeaways: The Australian Prudential Regulation Authority (APRA) is ramping up regulations on climate–related risks and taking submissions for its new guidelines. The guidelines are not enforceable requirements, but it shows that regulators are pushing the...

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Beware – Exclusive Jurisdiction Clauses

Beware – Exclusive Jurisdiction Clauses

Jurisdiction clauses are often not examined as closely as they should be. You should ensure that your agreements contain a jurisdiction clause that nominates a convenient jurisdiction for your business. Jurisdiction clauses are often overlooked when parties are...

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The go ahead for more solar in strata

The go ahead for more solar in strata

On 24 February 2021, the NSW Government introduced new laws which makes it much easier to install renewable energy in strata buildings. Prior to this amendment, a vote on installing clean energy infrastructure required a special resolution to be passed, which is...

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Stamp duty v land tax under the spotlight in NSW

Stamp duty v land tax under the spotlight in NSW

Annual Property Tax as an Alternative to Stamp Duty in NSW Last year, NSW announced important taxation changes by outlining a proposal to transition from the up-front payment of stamp duty to an annual property tax. The proposal is contained in the NSW State...

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Unit Trusts and Land Tax Threshold Exemptions

Unit Trusts and Land Tax Threshold Exemptions

Land tax threshold exemptions available for unit trusts In NSW, a fixed trust is eligible for land tax threshold exemptions if it satisfies the definition of "fixed trust" under the Land Tax Management Act 1956 ( Act), so that the beneficiaries of the trust are...

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Business Interruption Insurance Dispute

Business Interruption Insurance Dispute

In August 2020, we discussed a pending test case that considered whether insurers could deny liability for small business insurance claims amid the COVID-19 pandemic. The Court found in favour of small businesses, which has resulted in a large number of businesses...

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