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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Australia | Publication | June 2021
The permitted construction working hours in New South Wales have been changed again to allow building work and demolition work on Saturdays between 7am and 5pm, and specified works on a Sunday between the hours of 9am and 5pm. This change took effect on 11 June 2021 and was enacted via the Environmental Planning and Assessment (COVID-19 Development – Construction Work Days) Order (No 2) 2021 (NSW) (Order) (which can be viewed here). The Order reverses the previous position (see our update on this here).
The Order permits the ‘carrying out’ of ‘building work’ or ‘work’, or the ‘demolition’ of a ‘building’ or ‘work’, (as these terms are defined in the Environmental Planning and Assessment Act 1979 (NSW)) on a Saturday between the hours of 7am and 5pm. The Order also permits the following works and activities to be carried out on a Sunday between the hours of 9am and 5pm:
The works must be the subject of a development consent, and must comply with all conditions of the consent (except to the extent the consent restricts the hours of work or operation on a Saturday or a Sunday). Additionally, all feasible and reasonable measures to minimise noise must be taken. Works carried out on a Saturday must not involve rock breaking, rock hammering, sheet piling, pile driving or similar activities (except to the extent that this was already allowed under the development consent). For works carried out on a Sunday, workers must not play music or use a radio, and must not use certain noisy tools or equipment (including nail guns and electric power tools).
Subject to any further changes by the NSW Government, these extended construction working hours will continue to apply until 31 March 2022.
This article was co-authored with Ann Matthias.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.
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The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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