Frydenberg beefs up the Takeovers Panel
Apr 30, 2021 â 12.00am
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The Takeovers Panel will receive a $3.4 million boost over the next four years in the May 11 federal budget, with the government set to launch a public consultation on broadening the panelâs role.
The proposed changes would allow the panel to provide âadvance rulingsâ on takeovers, mergers and acquisitions and expand the panelâs role to include membersâ schemes of arrangement, increasingly being used in takeovers.
Insiders described the proposals as a potential âgame changerâ by taking more messy legal disputes out of the courts and fast-tracking decisions.
Treasurer Josh Frydenberg will announce the makeover for the countryâs primary forum for takeover disputes on Friday when he will also appoint and reappoint 17 part-time members, each for a three-year period from April 30.
Why 2021 will be the year of investing in renewables
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Last year was was not only marked by the outbreak the deadly coronavirus pandemic. It was also the year when Australian companies wholeheartedly focused their attention on environmental, social and governance issues, says one of the countryâs most senior directors
Karen Moses says a sharper focus on climate change and ESG will bring significant investment.Â
Dominic Lorrimer
The focus on ESG is another reason to be optimistic about the local economy, she says, and is occurring despite the absence of a strong policy framework from the federal government.