Welcome to the latest edition of our National Insolvency & Reconstruction Quarterly Review for the period 1 October 2016 - 31 December 2016.
In this recent case of Colonial Range Pty Ltd v CES-Queen (Vic) Pty Ltd  VSCA 328, the Victorian Court of Appeal clarified the insurance requirements for protection works under section 93(1) of the Building Act 1993 (Vic).
Holden has announced that 20 October 2017 will be the last day for its Australian motor vehicle manufacturing operations.
On 15 December 2016, applicants including Foxtel and Roadshow Films were successful in obtaining the first site blocking orders from the Federal Court in respect of SolarMovie, The Pirate Bay, TorrentHound, IsoHunt, Torrtentz (Sites) under the newly introduced section 115A of the Copyright Act 1968 (Cth) (Act) (s115A).
On Tuesday, 1 November 2016 we wrote to you in relation to the Australian Taxation Office's position on whether sales of residential dwellings off the plan to foreign buyers when the previous sale of dwellings had failed to settle, would constitute the sale of a "new dwelling" permitted under Australia's foreign investment rules.
With licensees in Queensland reportedly feeling the financial effect of the Queensland Government's enhanced "lockout laws", it is timely to remind those with a financial interest in a licensed venue of their rights in the event that the licensee experiences financial difficulties or declares bankruptcy.
On 29 November 2016, the Construction Contracts Amendment Bill 2016 received Royal Assent. The Construction Contracts Amendment Act 2016 (the Amendment Act) amends the Construction Contracts Act 2004 (the CCA). The purpose of the Amendment Act is 'to improve the operation of, and access to, the rapid adjudication process for resolving payment disputes under construction contracts'.1