Publications

On 24 August 2016, the Chief Commissioner of State Revenue issued Revenue Ruling No. DUT 045 Market Value and GST (Ruling). The Ruling states that the Chief Commissioner does not consider valuations determined on a GST-exclusive basis represent the market value.

On 1 September 2016, the Palaszczuk Government introduced the long awaited Industrial Relations Bill 2016 to the Queensland Parliament.  The Bill adopts almost all of the recommendations contained in the Industrial Relations Legislative Reform Reference Group Report, which recommended the introduction of a new Act to replace the current Industrial Relations Act 1999 (Qld).

The scheme of arrangement under which ASX listed Skyland Petroleum Limited was re-domiciled to the Cayman Islands suggests that undertaking M&A transactions during a scheme, and indeed after the shareholder vote, may not be fatal to the scheme in certain circumstances.