The battle baffled the world. The big so-called tech companies now have to pay Australian news producers to use their content, but what actually happened here?
Single default accounts
On or after 1 July 2021, in the absence of a new employee
choosing a superannuation fund, an employer must determine whether
that new employee has a stapled fund and, if a stapled
fund exists, contributions should be paid into that stapled fund
instead of paying into the employer s chosen default
superannuation fund.
Underperformance in superannuation
The Bill proposes a new Annual Performance Assessment ,
requiring APRA to action annual performance tests each year for
MySuper products and other products set out by the yet to be
drafted regulations. Under the rules, if a fund fails the annual
performance assessment, the trustee must notify all members and if
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Introduction
Corporation (Coronavirus Economic
Response) Determination (No.2)
2020
(
Corporations Act
Corporations Act) that apply to companies and
their officers.
Specifically, the amendments provided that a breach of the civil
penalty provisions under sections 674 and 675 of the Corporations
Act only occurs where information is withheld from disclosure with
knowledge that it would, or recklessness or negligence as to
whether it would, have a material effect on the price or value of a
company s securities.
The temporary amendments were supposed to last for six months
but were extended and due to expire in March 2021.
However, on 17 February 2021, the Australian Government
introduced the
Treasury Laws Amendment (2021 Measures No. 1)