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 | June 2023
On 16 May 2023 the Victorian EPA released updated ‘Guidance for environmental and human health risk assessment of wastewater discharges to surface waters’ (EPA Publication 1287.2) (Updated Guidance), replacing the guidelines that were published in 2009 (2009 Guidance).
The 2009 Guidance was based on the permissions regime in the now repealed Environment Protection Act 1970 (Vic). The update brings the EPA’s guidance in line with the permissions regime under the new Environment Protection Act 2017 (Vic) (EP Act) and the obligations of the new general environmental duty (GED).1
The Updated Guidance is directed primarily to permission holders under the EP Act or those applying for permissions involving point-source wastewater discharges to surface waters.
However the Updated Guidance is relevant to all persons who undertake discharges to surface waters, and forms part of the ‘state of knowledge’, which refers to all the information that a person should reasonably know about managing their business’s risks. The GED requires a person engaging in an activity to take reasonably practicable steps to minimise risks to human health and the environment. This includes undertaking a risk assessment before undertaking an activity and particularly when undertaking an activity for the first time.
Our previous updates on the GED and the EP Act provide further guidance on the application of the GED.
Having a proper risk assessment framework is essential to ensure that your business is compliant with the GED. The Updated Guidance contains important information on what is required by the GED in particular circumstances, and sets out recommended procedures for undertaking risk assessments in relation to the discharge of wastewater to surface water.
As the GED requires businesses to have reasonable knowledge about the risks their activities pose, and how to address them, staying informed on the state of knowledge and industry guidelines is important. This is the case even if there is not a direct requirement to comply with the Updated Guidance set out in a permit or operating licence.
The Updated Guidance, like its previous iteration, continues to focus on risk management. However, it has been updated to be significantly more comprehensive and now includes examples, and new sections, including:
The 2009 Guidance applied to wastewater in general while the Updated Guidance refers to wastewater as ‘treated waste mainly consisting of water’. This may cause industry confusion as the Environment Protection Regulations 2021 (Vic) define wastewater more broadly, and do not differentiate between treated and untreated wastewater.
As the GED requires the risks of harm to human health or the environment to be minimised when any activity is undertaken, we recommend that the Updated Guidance is taken into account before the discharge of any wastewater, whether treated or untreated.
If you are unsure how the updated EPA Guidance might affect your existing operations or future projects, or would like assistance ensuring you are compliant with the obligations of the GED in relation to discharges to surface water, please contact a member of our Environment and Planning team.
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
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
Publication
The conventional wisdom is that ‘securitisation caused the great financial crisis’ (GFC). A further piece of conventional wisdom is that this was due to the misalignment of incentives between securitisation originators and securitisation investors . This conventional wisdom in turn drove much of the regulation of securitisation we now have.
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