Legal Writers Wrap Up: March 2018

Legal Writers Wrap up

The year’s in full swing, with several big developments just around the corner. The Federal budget is scheduled for 8 May, so we’ll bring you the implications of that in a couple of months. The Cambridge Analytica scandal is still unfolding but it’s likely to bring with it some extra regulation around social media platforms and data gathering activities.

In the meantime, here’s what’s new in Australian legislation and case law for the month of March.

Property

Following the Grenfell Tower tragedy in London, Victorian developers are banned from using Aluminium Cladding Panels with a polyethylene core of more than 30 percent, and expanded polystyrene, on multi-storey buildings.

Relevant to: Property developers and those in the building industry

Employment

Safe Work Australia has launched a national review of the model Work Health and Safety Laws. A discussion paper is viewable at Safe Work Australia, with written submissions invited by 13 April 2018.

Relevant to: Employers and employees who wish to share their opinion on current Work Health and Safety laws.

Taxation

The Government has indicated that it will make significant changes to the laws overseeing stapled and non-stapled structured. This may include:

– A 30% withholding tax on income from cross-stapled structures

– Treating all agricultural land as if it was a trading business

– Expanding the thin capitalisation rules

– Limiting some exemptions for foreign entities and pension funds

Relevant to: Any business that has stapled securities.

Immigration

A new visa scheme will be introduced from 1 July 2018. This trial visa will allow some established businesses to hire highly skilled talent earning over $180,000 per annum. It will also allow STEM-related businesses to hire highly skilled people from overseas for up to four years. 
Relevant to: STEM startups and established businesses who want to hire foreign talent.

Rakhee graduated from the University of Melbourne with Honours and began her career practising taxation law. While working for blue chip companies like ANZ, Foster’s and General Motors she developed a flair for writing. She’s been featured in The Australian, Forbes and BBC publications, and enjoys creating content that leverages her knowledge of the law and business. Her expertise includes taxation, migration, financial services, corporate and employment law.

Rakhee is based in Melbourne. You can contact her by email at rakhee@legalwriters.com.au or call her on +61 409 418 297.