Publication
Ireland
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Australia | Publication | September 2023
On 20 September 2023, the Victorian Premier, Daniel Andrews announced major changes to the planning landscape, with the introduction of a new Housing Statement (“the decade ahead | 2024 – 2034”) (Housing Statement).
The ultimate vision of the Government is to build 800,000 homes in Victoria over the next decade, and as such, it has proposed critical changes to the planning framework as outlined in the Housing Statement.
The key matters to note for developers and government authorities from the Housing Statement are:
It is anticipated that the timeframes for approving permit applications (which are eligible under this pathway) will be reduced from 12 months or more to 4 months.
The Victorian Government has foreshadowed that it will review and rewrite the Planning and Environment Act 1987 (Act).
The extent of change is not clear, although, it is understood that amendments will likely be made in respect of timeframes for planning permit decisions as well as to roles and responsibilities of local Councils, the Minister for Planning, the Victorian Planning Authority and the Department of Transport and Planning in the planning permit process.
Amendment VC242 was gazetted on 20 September 2023, which relevantly inserts the following two particular provisions into all planning schemes in Victoria (amongst some other changes):
In summary, a planning permit application may fall within:
Of note, Category 1 under Table 1 of clause 53.23 will be satisfied if the estimated cost of development is $50 million (for development in metropolitan Melbourne) or $15 million (for development not in metropolitan Melbourne) and at least 10% of the total number of dwellings in the development is affordable housing (or alternatively this requirement can be met via an alternative mechanism for the provision of affordable housing under an agreement pursuant to section 173 of the Act).
The Minister for Planning will be the responsible authority for a permit application to which clauses 53.22 or 53.23 apply.
A copy of the amendment documents, including the subject particular provisions can be accessed via the following link: Link to Amendment VC242.
The advantages of a planning permit application falling within these particular provisions are:
Whilst the implementation of various initiatives under the Housing Statement have not been outlined in detail (i.e. what changes would be made to planning schemes or the Act), it is likely that significant amendments will be made in this respect.
We will keep you updated as further critical changes are made.
If you require assistance with permit applications or other planning advice in view of the Housing Statement and associated amendments to planning schemes or the Act, please contact our partners Tamara Brezzi (0412 120 165), Nick Sutton (0476 574 032) or Elisa de Wit (0402 893 804) in our Environment and Planning Team and we would be pleased to assist you.
Publication
On 31 October 2023, the Screening of Third Country Transactions Act 2023 (the “Act”), which establishes a new foreign direct investment ("FDI") screening regime in Ireland, was enacted.
Publication
In recent years, rapid developments in AI systems and technologies have transformed AI from a futuristic concept into an integral part of business strategy.
Publication
The European Commission (EC) is contemplating a revision of the procedural framework for antitrust investigations that is laid down in Regulation 1/2003 and Regulation 773/2004 (together, the “Regulations”).
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