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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 | August 2023
This article was co-authored with Lachlan Crosbie.
Employers need to be aware of key changes to legislation protecting employee rights which will commence in the coming months.
The Fair Work Legislation (Protecting Employee Entitlements) Act 2023 (Protecting Employee Entitlements Act) marks the Government’s second major reform to the Fair Work Act 2009 (FW Act).
The Protecting Employee Entitlements Act builds on prior reforms, and introduces further amendments in relation to:
The Protecting Employee Entitlements Act follows the Fair Work Legislation (Secure Jobs, Better Pay) Act 2022 (Secure Jobs Act) that came into force in December 2022. For further information on these reforms, refer to our previous article summarising the changes here.
This update provides a timeline for employers of when the reforms in the Protecting Employee Entitlements Act come into effect, as well as the residual reforms under the Secure Jobs Act that are yet to be implemented.
* https://www.fairwork.gov.au/
** https://www.nortonrosefulbright.com/en-au/knowledge/publications/737cab3a/a-last-sunset-for-zombie-agreements
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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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