The competition provisions in Part IV of the Trade Practices Act 1974 (TPA) have been subjected to a period of sustained review and amendment since 2002. The process of change is far from settled.
The recent decision of the High Court in ACCC v Baxter Healthcare Pty Ltd is important in trade practices, contractual and constitutional terms. It primarily deals with crown immunity and the derivative immunity of those contracting with the crown.
The Federal Government has recently relaxed regulations governing the more mature media/information distribution platforms, however rapid advances in distribution technologies may require regulation by the Government. This regulation of media distribution may move into areas previously unknown to traditional media law such as taxation, money laundering, and the regulation of crimes such as sexual assault.
Douglas Raftesath and Adrian Honnery recently wrote an article for the "Business Law update" (20/7/2007). The article talked about director's duty to creditors.
Ideally, the governing body would adopt policies and procedures to identify, evaluate, record and report on the outcome of any material legal matter (as ASA 508 Enquiry Regarding Litigation and Claims contemplates). The auditor would in turn review and discuss with management the procedures and obtain a list of legal matters. This would include a description of the matters and an estimate of their likely financial consequences.
There have been a number of high profile industry consolidations or roll-ups in recent times that have created significant shareholder value such as Fone Zone, ABC Learning Centres and Medical maging Australia. However, powerful as the strategy is, it is not suited to all industries and there are significant execution and integration risks, as demonstrated by recent failures such as Stockfords and Harts.
Deacons’ Workplace Relations Group invites you to join us for a series of presentations on topical workplace relations issues by our experienced practitioners.
This year, in addition to our State based programs, we have put together a national program of interactive sessions. Attendees will receive practical guidance on current workplace relations issues together with the opportunity to network. The briefings will be of interest to CEOs, General Managers, In-house Counsel, Line Managers and HR practitioners.
All presentations are held at our offices (addresses are provided in this brochure).
The national program for the first half of 2007 follows.
Workplace training is a key element of safety and environmental law compliance. Equipping your managers to understand and be able to apply their safety and environmental law obligations is essential in an ever changing legal environment.