![Employment-labour-labor-people-employee-office-AdobeStock_626659440](https://www.nortonrosefulbright.com/-/media/images/nrf/hero/employment-labour-labor-people-employee-office-adobestock_626659440.jpg?w=265&revision=e7aa8af3-3388-45be-bb8a-5d8b2012eda3&revision=5250120673617387904&hash=DF5203DC64018A4C7F27BF369D9836E9)
Publication
June 2024 brings many changes to federal employment laws
June 2024 has seen many changes to employment laws for federally regulated workplaces. Some are effective immediately, and some will come into effect on a future date.
On 10 February 2022, the Senate passed the long-awaited Corporate Collective Investment Vehicle (CCIV) legislation with bi-partisan support. As a result, the new funds framework is now expected to commence from 1 July 2022. This marks a significant milestone in the development of Australia’s funds management industry, broadening out the range of investment structures. The CCIV offers a corporate funds structure which is more familiar to overseas investors and combines flow-through tax treatment.
With the imminent launch of CCIVs, and consistent with what we have witnessed from other jurisdictions implementing similar fund regimes, we expect that superannuation/pension funds, global investment managers, investors and a range of other financial and fundraising institutions will be assessing how they may take advantage of the opportunities presented by the introduction of CCIVs in Australia.
For a more detailed summary, see our previous CCIV update here.
A copy of the legislation is available from the Australian Federal Parliament's Website.
Publication
June 2024 has seen many changes to employment laws for federally regulated workplaces. Some are effective immediately, and some will come into effect on a future date.
Publication
Since 2022, the Government of Canada has introduced three waves of amendments to the Competition Act (Act), making substantive changes to Canada’s competition laws, with the most recent amendments receiving royal assent on June 20, 2024.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023