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COP29 Outcomes
COP29 came to a close in the early hours of Sunday 24 November (35 hours into overtime) with some fraught, last-minute negotiations to finalise the key texts.
Australia | Publication | July 2021
As anticipated in our previous update, today Treasury released a consultation paper on options to restore previously well-established regulatory relief for Foreign Financial Services Providers (FFSPs), and options to create a fast-tracked licensing process for those that wish to establish a more permanent operation in Australia.
Stakeholder feedback is sought on the following three options for licensing relief:
In relation to the fast-tracking of the licensing process for FFSPs, the consultation is seeking feedback on the following options:
The closing date for submissions on the consultation paper is 30 July 2021. A link to the Treasury website and a copy of the consultation paper can be found here.
Publication
COP29 came to a close in the early hours of Sunday 24 November (35 hours into overtime) with some fraught, last-minute negotiations to finalise the key texts.
Publication
In a move that mirrors similar measures by the United States, the Government of Canada has imposed surtaxes on electric vehicles (EV), aluminum and steel from China.
Publication
Accountants and financial advisors should be aware that courts may consider them more than mere agents for their clients. Like lawyers, they may be liable in contribution and indemnity for the professional advice they provide.
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