Publication
Houston, we have insurance!
For decades, space activity has captured our collective imagination but the reality of space commercialisation has shunned the spotlight.
Commonwealth Quarterly Issue 6
Insight and commentary from our national Government team in Australia
Australia | Publication | June 2023
Welcome to the sixth edition of the Commonwealth Quarterly
Canberra’s winter presents a delightful combination of frosty mornings below freezing and glorious, sun-filled days. Having now hit our shortest (and coldest) day of the year and with the countdown to spring on, grab that cosy blanket (or puffer jacket) and mosey through our winter publication of the Commonwealth Quarterly.
We are excited to offer a variety of articles this edition:
- Ray Giblett, Tim Chan and Joel McKay provide an interesting article on space insurance, with Houston, we have insurance!;
- the Australian Government declared six possible offshore wind zones across Australia in August last year. In Offshore wind in Australia: The key legal interfaces, Kate Muller, Claire Forster, Justin Lucas, Chloe Saker and Jack Brown share their thoughts on where the offshore wind market is heading, highlighting some of the key legal interfaces that Commonwealth and State governments, and prospective developers will need to consider in navigating these early stages of offshore wind development in Australia;
- In the light of the Budget handed down last month, Calum Howard has provided a guide on appropriations, the Budget and the Commonwealth financial framework with the Commonwealth’s financial framework;
- Abigail McGregor and Grace Do give us an update on the key recommendations and implications for government contracting coming out of the Review of Australia’s Modern Slavery Act 2018 (Cth) in Review of Australia’s Modern Slavery Act; and
- last but certainly not least, Tim Wellington provides key points on what you need to know about the long awaited National Anti-Corruption Commission.
If you have any questions on any of our articles please do not hesitate to reach out.
Keep warm and stay safe!
Holly McAdam
Partner and Head of Office
Canberra
Ella Fisher
Paralegal and Editor of the CQ
Canberra
This issue
Publication
Offshore wind in Australia: The key legal interfaces
Since the commencement of the Offshore Electricity Infrastructure Act 2021 (Cth) (‘OEI Act’) in June 2022, there has been a flurry of activity in the domestic offshore wind space.
Publication
Commonwealth financial frameworks
While Australians are a famously relaxed bunch, governments are typically held to a higher standard - especially when it comes to decisions around expenditure.
Partner | Commonwealth Government Team Leader
Email
richard.morrison@nortonrosefulbright.com
Australian Chair and Global Head of Restructuring
Email
scott.atkins@nortonrosefulbright.com
Partner | Head of Government
Email
michael.greene@nortonrosefulbright.com
Senior Associate
Email
katrina.monagle@nortonrosefulbright.com
Recent publications
Publication
VAT in the Digital Age (VIDA) package finally adopted
On March 11, 2025, the VAT in the Digital Age (VIDA) package was finally adopted by the EU Council. The legislation was officially published in the EU Official Journal on March 25, 2025.
Publication
Office of the United States Trade Representative (USTR) proposes to impose port fee increases on Chinese vessels and vessel operators (consultation closing on 24 March 2025)
On 16 January 2025, the USTR published a notice of determination that China’s targeting of the maritime, logistics and shipbuilding sectors for dominance is actionable under Section 301 of the US Trade Act of 1974. Section 301 grants the USTR the authority to investigate and remediate, including through the imposition of tariffs or other import restrictions, foreign trade practices that it determines (1) are unreasonable or discriminatory, and (2) burdens or restricts US commerce.
Publication
Global Minimum Tax rules in 2025
The OECD Pillar Two rules (also known as the Global Minimum Tax), where implemented by a national jurisdiction, require multinational enterprises (MNEs) with a consolidated group turnover of more than €750 million to calculate the effective tax rate in each jurisdiction in which it operates.
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