Monthly Archives: November 2012

In a final flurry of activity before the end of the parliamentary year, on Wednesday the Parliament passed a Bill amending the Fair Work Act 2009 (Cth) (FW Act); and new federal legislation protecting redundant employees of bankrupt or insolvent employers. Operators and users of road transport services should also be aware that, from January 2013, new road safety laws and laws regulating heavy vehicles will take effect.

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Thomsons Lawyers has acted for Hard & Forester in the sale of the company to international infrastructure services group, Cardno Limited (ASX: CDD).

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Thomsons welcomes new corporate partner, Tim Flahvin to the firm. Tim joins Thomsons' Sydney office from global firm, Norton Rose, where he was the joint national head of their equity and capital markets practice.

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On 2 November 2012 the Commonwealth government released the ‘Not-for-profit sector tax concession working group’ discussion paper. This alert takes a look at some of the key issues associated with the Discussion Paper.

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On Tuesday, 30 October 2012, Attorney-General Jarrod Bleijie presented the Commercial Arbitration Bill 2012 (Qld) to the Legislative Assembly. The purpose of the Bill is to provide for the conduct of commercial arbitration in Queensland and to repeal the Commercial Arbitration Act 1990 (Qld). The proposed reforms to the domestic arbitration regime will greatly benefit commercial dispute resolution in Queensland and are intended to result in a simpler and more cost effective process.

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Thomsons Lawyers has advised fund manager, Fidelis Investment Limited, in the establishment of its second unlisted property fund, the Fidelis Southgate Income Fund.

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Where a property that is subject to a mortgage is sold, the Commissioner of Taxation may step in and effectively redirect the purchase money away from the vendor and/or mortgagee. That money instead goes directly to the ATO, to satisfy a tax debt owed by the vendor. This has the effect of cutting out a mortgagee’s right to have their loan repaid.

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In the recent decision of Thiess Pty Ltd v Warren Brothers Earthmoving Pty Ltd & Anor [2012] QCA 276 the Queensland Court of Appeal (being the highest Court in Australia to consider the application of Security of Payment legislation to the mining industry) clarified the application of the BCIP Act to the mining and resources industries.

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Thomsons Lawyers is advising Norco, a New South Wales, Australia-based farmers co-operative with plans to enter the Chinese market within the next 12 months.

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Thomsons Lawyers has acted for Pacific Network Global Logistics (PacNet) in the sale of the company to Damco.

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