Yearly Archives: 2015

Even in the new era of 'capped' infrastructure charges on development approvals, difficulties still arise in achieving accurate and fair calculations of infrastructure charges.

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New legislation to govern residential communities in New South Wales On 1 November 2015 the Residential (Land Lease) Communities Act 2013 (NSW) (Act) will commence, along with the Residential (Land Lease) Communities Regulation 2015 (NSW) (Regulations). These laws replace the Residential Parks Act 1998 (NSW) (Residential Parks Act) and its corresponding regulations. The shift in terminology from 'parks' to 'communities' is by no means the only change introduced by the Act. The new legislation is significantly more consumer friendly than its predecessor, with operators of residential communities subject to stricter obligations in respect of their relations with residents than was previously the case. We have outlined some of the more significant changes below.

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Thomson Geer has advised Track IQ on the acquisition of its assets by Wabtec Corporation (NYSE:WAB). Track IQ is an Australian based manufacturer of wayside sensor systems for the global rail industry, and Wabtec is a US based global provider of value added, technology based products and services for rail and other industrial markets.

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The Office of the Australian Information Commissioner (OAIC), the body responsible for overseeing compliance with federal privacy law, has released a series of draft guidelines (Guidelines) aimed at assisting private health service providers comply with their obligations under the Australian Privacy Principles (APPs) and the Privacy Act 1988 (Cth) (Privacy Act). Comments on the new health-focused Guidelines, which consist of 11 factsheets examining different parts of the APPs, are due by 20 October 2015.

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Our Sydney Corporate team are advising engineering services company Tetra Tech Inc, as it launches a $109 million takeover bid for all of the shares in ASX listed Coffey International Ltd. US-based Tetra Tech has offered 42.5c per share for all outstanding shares for the geotechnical services provider, representing a significant premium to its recent share price. The Tetra Tech offer has been recommended to Coffey shareholders by the Coffey Board. Tetra Tech is a leading provider of consulting and engineering services, which supports commercial and government clients focused on water, environment, infrastructure, resource management and energy, and has around 13,000 staff worldwide.

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Our Sydney Corporate team has advised ASX-listed Mobile Embrace as the company continues its string of acquisitions.

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From 16 October 2015, the Building Code Fitness for Work Amendment will impose additional compliance requirements on contractors. To be eligible to work on federally-funded projects, contractors will be required to urgently update their WHSMS to place a greater emphasis on the project-wide management of the risks presented by alcohol and other drugs.

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Thomson Geer's Sydney Corporate team has advised Beat the Q on a $5 million investment into the company by the Westpac backed venture fund, Reinventure, and venture capital firm, Exto Partners.

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Our Sydney Corporate team has assisted ASX-listed human resources technology start-up, Reffind in its acquisition of WooBoard, as it continues to move into overseas markets.

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Superannuation Case Law Update - September 2015

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