Native Vegetation Clearing Laws – Where are we at - Mar 2017
Vegetation management requirements around Australia, particularly in respect of native vegetation clearing, are complicated and quite strict. Kara Pennisi, Senior Associate provides an overview of the native vegetation clearing requirements for each Australian State and Territory.
From 1 July 2016 Changes to FMD scheme apply
- Jun 2016
From 1 July 2016, much welcomed changes to the Farm Management Deposit scheme will take effect. Taxation Specialist Will Fennell explains the changes to the scheme.
Changing foreign investment framework in Australia - Jul 2015
Tony Abbott, Prime Minister of Australia, issued a media release on 11 February 2015 which outlined that the Government was in the process of better scrutinising our foreign investment laws and was considering changes to the foreign investment processes in Australia. Since then a number of events have occurred, some changes have become effective and future changes would seem imminent. It is now more important than ever for foreign investors in Australia to be aware of these changes. Senior Associate, Kara Pennisi takes a look.
Agribusiness Alert - Tighter rules for foreign purchases of agricultural land - Feb 2015
Long mooted and important changes directed at foreign investment in Australian farming land will soon be made to Australia's Foreign Investment Policy. In this alert, our Agribusiness team discusses the changes and what they mean for foreign investors in Australia.
China outbound investment regulations and requirements - Nov 2014
China's overseas investment has rapidly increased over the last few years as Chinese companies expanded into new markets, seeking to develop advanced technology and acquiring energy and resources and brand names. Investment into the agribusiness sector from China is no exception as international investment focus turns to food security and food safety. Piper Alderman has acted on acquisition and joint venture investment transactions for both Chinese and domestic clients, most recently for Qingdao Gather Great Ocean Algae Industry Group Co., Ltd from Shandong Province on its acquisition of Australian Kelp products, and Peloris Global Sourcing on its collaboration with Chinese authorities and industry body Dairy Connect in developing and implementing a streamlined cold chain solution for Australian fresh milk imports to China. Potential Australian joint venture partners and vendors should be aware of the regulation which applies in China to capital coming out of that country because it can affect deal timeframes and deal logistics. Lawyer, Shao Ma gives an overview of the regulations around Chinese investment.
Exporting food to the USA - upcoming regulatory changes - Nov 2014
Partner, Simon Venus, and Law Graduate, Dina Shehata address future issues faced by Australian exporters of food into the United States, particularly in light of the proposed amendments to US importation laws. These changing provisions will be particularly relevant for small to medium-sized exporters.
Tax reform on the horizon for Australian primary producers - Oct 2014
Last week the Government released its ”Agricultural Competitiveness green paper“, which has been produced following receipt of almost 700 submissions from stakeholders in the agricultural sector. Taxation specialist Will Fennell summarises the tax measures proposed in the Government’s green paper.
Primary producers - what are the tax concessions? - Oct 2014
While according to the OECD report "Agricultural Policy Monitoring and Evaluation 2013" Australian farmers are some of the least subsidised in the world, there are nonetheless a range of tax concessions available in Australia to primary producers. Here, Taxation Specialist Will Fennell summarises those concessions.
FMD scheme changes enacted this week - Jun 2014
The FMD scheme is an income equalisation scheme available to primary producers. Taxation Specialist Will Fennell looks at changes to the scheme that will affect those in the agribusiness sector.
Introduction of the Farm Household Allowance - Mar 2014
Yesterday two new bills (the Farm Household Support Bill 2014 and Farm Household Support (Consequential and Transitional Provisions) Bill 2014) were introduced into the House of Reps to implement the Farm Household Allowance, an income support payment for farmers and their partners in financial hardship. The allowance will replace the existing Exceptional Circumstances Relief Payment, which was only available to farmers in regions experiencing exceptional circumstances, such as drought. The new allowance will be available without a drought or Exceptional Circumstances declaration. Taxation Specialist Will Fennell discusses the new bills.