Monthly Archives: May 2013

The Charities Bill 2013 has been introduced into Federal Parliament providing for a statutory definition of ‘charity’. While the proposed legislation essentially codifies what is already the law, it will require entities to pass a series of tests to qualify as a charity. There is no grandfathering provision continuing the status of entities that have been accepted as charities to date – if the legislation comes into effect as planned on 1 January 2014 all charities, existing and new, will need to pass all five of the statutory tests.

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It remains unclear whether prior notification to the Foreign Investment Review Board (FIRB) is required where a foreign person proposes to acquire an interest in an Australian exploration permit or in companies that hold such licences.

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The Minister for Small Business, Gary Gray, recently released the report prepared by Mr Alan Wein concerning the current operation of the Franchising Code of Conduct. Mr Wein has made 18 recommendations in his report. For your ease of reference, we have extracted and summarised those recommendations in this Alert.

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The Australian Federal Government has opened another front in its war on problem gambling in the form of yet another joint select committee inquiry, this time into the impact of advertising and promotion of gambling on sport. The inquiry has been called amid ongoing concerns regarding what many believe is excessive and inappropriate advertising, promotion and sponsorship by certain Australian licensed betting operators around and during sporting events.

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An overview on what's been happening in the gaming and leisure industry this month.

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Thomsons has acted for FKP Property Group on the disposal of the 'Gasometer 2' Bank of Queensland building in FKP's master-planned Gasworks community at Newstead, Brisbane.

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In a very important decision of the New South Wales Supreme Court published on 1 May 2013, a recruitment company seeking to enforce a post-employment restraint was successful in gaining a costs order against a competitor.

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Thomsons has advised Quintessential Equity Pty Ltd on its $12.7 million acquisition of a commercial office building in Sydney.

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