Director IDs are good for transparency but may have unintended consequences

A new regime commencing on 1 November 2021 will require unique director identification numbers for all current directors, alternate directors, or those intending to become directors of: ORIC-registered Aboriginal corporations, and ASIC-registered corporations, incorporated associations registered to operate outside their home jurisdiction, corporate trustees, or Read More …

Aboriginal Corporations: New legislation set to pass

On 25 August 2021, the Corporations (Aboriginal and Torres Strait Islander) Amendment Bill 2021 was introduced to Parliament following reviews and consultations conducted over five years. The Bill proposes wide-ranging reforms to the law including: the content of rule books, financial and remuneration reporting, audits Read More …

High Court confirms limited scope to overturn construction adjudicator’s findings; finds certain retention clauses prohibited

The High Court of Australia has found that an adjudicator’s award under security of payments legislation in New South Wales and South Australia cannot be challenged unless an adjudicator acts beyond power. In two decisions handed down in February 2018, Maxcon Constructions Pty Ltd v Vadasz Read More …