Monthly Archives: August 2012

The Brisbane Corporate group has advised ASX listed RedFlow Ltd on a $5m rights issue, fully underwritten by RBS Morgans. RedFlow produces a world class zinc-bromine flow battery (ZBM). The funds raised will be used to develop channels to market and commercial scale product manufacture. RedFlow's ZBM is already used by Ergon (Qld), AusGrid (NSW), Energy Safe Victoria and Powerco in NZ.

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Amendments to the ASX Listing Rules now enable small and mid sized companies by special resolution at their AGM to increase their placement capacity from 15% to 25% of their issued capital. This gives them greater flexibility to raise additional capital by placements. But they need to act swiftly at this year’s AGM, if they want to take advantage of the new rules in the next 12 months.

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The Government has released its highly anticipated Green Paper which offers the promise of radical and daring reform to the NSW planning system. These reforms are relevant to anyone who owns or occupies land, or undertakes development, in NSW

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A recent NSW Court decision in Clarke v Coles Supermarkets Australia Pty Ltd provides a very timely reminder for those franchisors and franchisees alike in the retail industry. The Court ultimately found that a customer had been defamed after accusations were made by the Coles store manager that a customer had been thieving prawns. The matter cost Coles Supermarkets over $50,000 in damages, not to mention significant legal costs and negative media publicity.

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Three recent decisions by the Administrative Decisions Tribunal of New South Wales (ADT) and the Queensland Civil and Administrative Tribunal (QCAT) have demonstrated that careful and conscientious employers will not be vicariously liable if an employee sexually harasses another employee.

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The transitional rule in the Guidelines provides that if the fund’s governing rules prevent compliance with a requirement in the Guidelines, the fund is exempt from that requirement until 1 October 2012. The Guidelines provide that the trustee must seek to have the governing rules of the fund amended to comply with the Guidelines by 1 October 2012.

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The Federal Government’s chief advisory body on corporations law, the Corporations and Markets Advisory Committee (CAMAC), has recently published its much anticipated report on the operation of managed investment schemes in Australia. The report contains a number of significant proposals, which, if adopted by the Federal Government, will radically transform the law relating to managed investment schemes.

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As a result of enforcement action taken by the Australian Competition and Consumer Commission (ACCC) businesses now have some clear examples of carbon price statements that the ACCC considers misleading or deceptive or likely to mislead or deceive.

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In our August Clubs Legal Update, we review four pertinent legal issues currently facing Clubs around Australia. Download our alert now to read about how your Club might be affected.

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