Australia: Contracts and Commercial Law

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Article
Australia | How To Use Contracts To Manage AI Development Risk: A Practical Guide
Australia's existing technology-neutral legal frameworks readily apply to AI systems, yet AI procurement contracts remain critical tools for managing developer risk. From copyright exposure in training data to privacy compliance and regulatory change mechanisms, organisations commissioning bespoke AI solutions must address unique challenges across the development lifecycle through carefully structured contractual protections.
Australia Commercial
SF
Spruson & Ferguson
Article
EOFY Insolvency Insights For Accountants And Advisors
As the 2026 financial year draws to a close, accountants and tax advisors face a critical juncture where year-end reporting often reveals hidden insolvency indicators in financially distressed companies. This analysis explores the warning signs embedded in EOFY financials, the personal exposure risks directors face through loan account arrangements, and the importance of early intervention strategies to protect stakeholders and explore restructuring options before a crisis unfolds.
Australia Insolvency
W
Worrells
Article
Price Unit Of Measure – What Does It Mean And How To Report It Under ASIC
ASIC transaction reporting requires entities to submit an expanded set of data fields, including Item 49: Price Unit of Measure. This field specifies what unit a reported price refers to, drawn from ISO 20022 standardised codes, and must align with quantity measures to ensure internal consistency. Understanding when to populate this field and selecting the correct unit code are critical to avoiding common reporting errors.
Australia Finance
TRAction
Article
Audit Obligations For Large Entities In Australia: What Matters Now
An Australian company's AUD 168,000 fine for failing to lodge audited financial reports reveals a widespread challenge: businesses often cross into mandatory audit territory through organic growth without realizing it. As revenue, assets, or headcount expand, companies can unintentionally trigger obligations under the Corporations Act, with consequences extending far beyond regulatory penalties to impact financing, transactions, and investor confidence.
Australia Accounting
GGI Global Alliance
Article
Victoria’s Amended Security Of Payment Act: Recourse And Return Of Performance Security
Victoria's amended Security of Payment Act introduces significant changes to how contractors can claim the return of performance security and limits principals' rights to call on that security. The new statutory framework creates a formal process for security claims and imposes notice requirements that fundamentally alter the commercial risk allocation between parties in construction contracts.
Australia Real Estate
HR
Holding Redlich
Article
Bare But Not Unfair: Court Approves Naked No Vote Break Fee
The recent Ausmincon/Afry scheme has reignited debate over naked no vote break fees in Australian M&A transactions. While these fees have been largely absent from public deals for the past decade, the Court's decision reconfirms they are not inherently coercive and need not be minimal. What factors enabled this $1 million break fee—exceeding 1% of equity value—to withstand judicial scrutiny?
Australia Commercial
KL
Herbert Smith Freehills Kramer LLP
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