Byline: Daryl Lim

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New permanent identifier regime for directors to be introduced

17 July 2020

On 22 June 2020, the Australian Federal Government passed legislation setting out a legal framework for the introduction of a Director Identification Number (DIN) regime for directors.

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Virtual Meetings. AGM,

Treasurer announces changes to meeting procedures and document signing requirements

07 May 2020

In further recognition of the difficulties faced by companies in meeting strict corporate compliance requirements in a COVID-19 environment, the Treasurer released yesterday a ministerial determination permitting company general meetings to be held virtually and modifying the way companies can execute documents.

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corporate reports, Covid-19, ASIC

Time extension for lodgement of corporate reports in impaired COVID-19 business environment

17 April 2020

  • ASIC has recently announced a one month extension for the lodgement of corporate reports
  • Extension is available to unlisted entities.
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Planning for AGMs as the pandemic spreads

07 April 2020

In response to the adverse impact that the COVID-19 pandemic will have on Australian companies’ ability to hold annual general meetings (AGMs), ASIC issued a guidance note – 20-068MR on 20 March 2020 (Guidance):

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loan sheet

Negotiating the Loan Term Sheet: The Borrower’s Perspective

07 October 2019

There are new signs that the Australian property market is on the rebound. As the property market recovers, so does the credit market and companies will increasingly seek financing for their business. Financing may take many forms: revolving credit loans, loans to finance the acquisition of a target company, or construction loans, to name a few.

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Peptides Clinic

TGA imposes severe penalties on supplier of online prescription medicines to consumers

09 September 2019

The Internet can offer consumers a convenient way to access therapeutic goods, but online purchases of prescription-only medicines can be extremely dangerous.

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Medical Device Regulation in Australia: TGA Clamp Down

03 July 2019

The Therapeutic Goods Administration (TGA), currently uses a standardised, risk-based international classification system (risk-based system) to assess and approve the use, consumption and implantation of medical devices in Australia. The same system is used in the United States, the European Union, the United Kingdom, Canada and Japan.

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Smart contracts – transacting in the digital era

26 November 2018

Since the launch of Bitcoin in 2009, more and more people have become aware of blockchain technology, and its potential to revolutionise payments systems. However, blockchain has many applications beyond cryptocurrency. ‘Smart contracts’ – computer code which execute the terms of an agreement have the potential to revolutionise commercial transactions.

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