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Modern slavery and human trafficking reporting: Maritime supply chain risks
According to the International Labour Organisation (ILO), an estimated 50 million people globally were living in modern slavery on any given day in 2021.
Global | Publication | April 2016
There is significant regulation of foreign investment in Australia and a number of reforms have been made to Australia’s foreign investment regime in recent months. The latest edition of our Changes to foreign investment regulation in Australia publication provides a summary of these changes, including specific issues relating to investments in the resources and infrastructure sectors.
The recent reforms include:
As with most regulatory reforms and tax changes, the ‘devil is in the detail’ of these reforms. Some of these changes can be welcomed as they have simplified the foreign investment application process and clarified some ambiguities in FIRB’s policies. Others provide for increased scrutiny with respect to acquisitions of certain asset types, which investors will need to factor into their bid plans. The new tax conditions mean that investors will have to carefully consider the likely Australian tax consequences of making the investment due to the additional compliance and reporting obligations the tax conditions impose, as well as the potential penalties for non-compliance.
Given these circumstances, we strongly recommend foreign investors seek early professional advice to navigate through the process of investing in Australia, even if they have successfully invested previously.
We hope you find our Changes to foreign investment regulation in Australia publication useful. Please contact one of the advisers listed if you have any questions.
Primary drafting: Sarah Lilly and Raymond Lou. Additional input and review: Liz Allnutt, Keira Brennan, Michael French, Anthony Latimer, Richard B Lewis, Andrew Spalding, Gary Thomas and Michelle Ralston.
Publication
According to the International Labour Organisation (ILO), an estimated 50 million people globally were living in modern slavery on any given day in 2021.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
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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