Doing Business in Australia – 25 August 2015

In The Media Agribusiness Towns lock horns in abattoir funding bid – Townsville Bulletin [05.08.2015] Hughenden and Charters Towers are continuing their battle to see who can secure an abattoir investor first. The towns have previously put forward plans to establish an abattoir in the North to boost the beef industry, with international investors to
Read more…

Doing Business in Australia – 2nd July 2015

In the media Agriculture Perich kicks off dairy wars – The Australian [23.06.2015] Freedom Foods, majority-owned by the billionaire Perich family, has moved to increase its foothold in the Australian dairy industry. Freedom has made an indicative, non-binding and conditional bid with a view to undertaking due diligence on listed milk company, a2 Milk. It
Read more…

Doing Business in Australia: 23 April 2015

Drop in $A stokes interest in IPOs – The Australian Initial Public Offerings (“IPOs”) are set to increase as global investors invest in the IPO sector following a drop in the Australian dollar, and lower interest rates resulting in favourable share market conditions. The lower Australian dollar means that stocks which were initially considered too
Read more…

The Industry Innovation and Competitiveness Agenda: Encouraging Start-Up Businesses and Foreign Investment

By Warwick Painter, Partner and Jacqueline McStay, Senior Associate The Federal Government has released its highly anticipated Industry Innovation and Competitiveness Agenda (Agenda), which is a blueprint of the Government’s plans to increase Australia’s competitiveness and annual productivity growth rate.  It covers a broad range of initiatives designed to streamline regulation, encourage innovation and break
Read more…

Doing Business In Australia: 20 August 2014

Foreign buyers leap into commercial sector Overseas investors have taken a strong lead as the most consistent and competitive acquirers of Australian office and retail assets, topping out at about $13 billion in the year to June, according to new figures. Qantas considers domestic-international split Qantas is considering a split of its domestic and international
Read more…

Extension of ‘Unfair Contracts’ Protection for Small Businesses (and perhaps franchises)

Following the Commonwealth Treasury’s release of a Consultation Paper which considers expanding the current unfair contract provisions of the Competition and Consumer Act 2010 (Cth) (Act) so that they also apply to small businesses, the Franchise Council of Australia (FCA) is encouraging all franchisors and other interested parties to provide feedback on the Consultation Paper
Read more…

Allegations of fraud, injured workers and dismissal – the slippery slope

In a recent decision of the Fair Work Commission, an employer has been strongly criticised for summarily dismissing an employee who it was alleged, among other things, had “failed to follow return to work restrictions” and who had “provided false information to WorkCover.” In Kinnane v. DP World Brisbane Pty. Limited, the employee reported an
Read more…

Doing Business in Australia – 13 June 2014

Open for business, up to a point Since Tony Abbott declared “Australia open for business” last October, the government has pushed hard to make Australia attractive to Chinese investors. FIRB approves Baosteel, Aurizon bid for Aquila The Foreign Investment Review Board has approved a joint takeover bid from Baosteel Resources and Aurizon Operations for Aquila
Read more…

Open for Business – Intellectual Property in Australia

An increasing number of foreign companies view Australia as a place to do business.  In particular, the Australian retail sector is experiencing an avalanche of international brand launches including H&M, Uniqlo and Williams-Sonoma. IP protection and enforcement strategies are a key consideration when planning for expansion into a new market.  We provide a brief summary
Read more…

In Focus – Privacy Laws

The privacy laws in Australia experienced dramatic changes last week and will have a significant impact on the way your organisation collects and deals with various forms of personal information in Australia.  To comply with the new laws, your privacy policies will need to be updated and practices, procedures and systems will need to be
Read more…

In the Media – March 2014

Telstra ownership laws may be next Communications Minister Malcolm Turnbull says the government could consider changing laws that restrict the number of foreign parties that can invest in Telstra by the end of the year. Report: lifting foreign investment for future food security A new report on food security in the Asia Pacific region recommends
Read more…

Acquisition and Investment opportunities – March 2014

Sector Marine Silver Mining Current Ownership Structure  Australian Company established for over 10 years Australian Stock Exchange listed Company. Currently in Voluntary Administration. Investment Sought (Full Purchase / equity investment / joint venture) Full Sale with owner and key management keen to stay on post sale Full Purchase  Turnover / Price 2014FY revenue between $30-$36m
Read more…

In The Media – September 2013

Tony Abbott bid to lure back foreign investment – The Australian [17.09.2013] Tony Abbott has put investment and free trade at the centre of the Coalition’s agenda to reignite economic growth. Incoming trade and investment minister Andrew Robb has flagged an international trade push, including the quick finalisation of key bilateral deals and regaining the
Read more…

Recent Transactions – September 2013

In focus – Energy and Resources Our Energy and Resources team provides expert advice to major corporations in the mining, energy and resources sectors in Australia and overseas.  We have recently been involved in a number of M&A deals in the mining sector, involving both domestic and international assets. One such deal is the proposed
Read more…

Acquisition and Investment opportunities – September 2013

Sector Current Ownership Structure Investment Sought Turnover / Price Profitability Brief Description of Asset / Investment (Full Purchase / equity investment / joint venture) Mine tailings project Private Full purchase $30m price reserve n/a A mining project comprising an extensive exploration tenement package and substantial mine tailings (magnetite, gold, copper) dams located in the Northern
Read more…

Recent Transactions – August 2013

Mills Oakley continues to work on a number of interesting and diverse matters involving international parties and assets. Amongst our recent deals are the following: Stonewall Resources Limited: Advised Stonewall Resources Limited (ASX: SWJ) in respect of the sale of its South African Subsidiary Stonewall Mining Pty Limited to Shandong Qixing Iron Tower Co. Ltd
Read more…

Acquisition and Investment opportunities – August 2013

Sector Ownership Value Turnover Profitability 1 Road transport company (logistics servicing the FMCG and Agricultural sectors) Private company with vendor retiring  Upon enquiry A$50m High 2 Paperboard Packaging Private company with vendor retiring  Upon enquiry A$80m High 3 Automotive Manufacturer (OEM) Private company Long established second generation Upon enquiry  A$30m profitable 4 Automotive (after-market) &
Read more…

Australian law and policy – August 2013

Foreign investment in Australian property – a step towards a more open approach As a general rule, foreign investments in Australian urban and rural land must receive the prior consent of the Foreign Investment Review Board (FIRB).  Under The Foreign Acquisitions and Takeovers Act 1975 (Cth), the Treasurer may unwind acquisitions and impose heavy fines
Read more…

In The Media – August 2013

Indonesians seek a stake in Aussie cattle – The Australian [23.08.2013] Indonesian Vice-Minister of Trade Bayu Krisnawurthi wants to see greater Indonesian investment in Australia’s primary industries, including owning cattle stations, as part of closer beef-industry ties between the countries. Speaking at the IndOz Beef Investment and Trade Forum in Brisbane Mr Krisnawurthi said the
Read more…

ASIC focusing on Accountants. What you need to know.

Accountants’ exemption ASIC has recently been reviewing SMSF files from ‘recognised accountants’ who are exempt from holding an Australian Financial Services Licence (AFSL). In some cases, ASIC did not see strict compliance with the exemption and is renewing its focus on accountants with a view to taking action against non-compliant accountants. For example, if an
Read more…

Privacy Policy | Terms of Use