The Corporations Act 2001 (Cth) (“Act”) prohibits a proprietary company from having 50 or more non-employee shareholders. The exclusion of employee shareholders provides proprietary companies with an ability to incentivise employees through the issue of securities in the company usually...
The Australian Treasury has announced the release of a new Foreign Investment Portal to manage applications for Foreign Investment Review Board (FIRB) approvals, amongst other things. The new portal will enable submissions, payments and communication to be managed in respect...
MPH was recently engaged by a client to advise on conflicting security interests over the assets of a company that went into liquidation. This was a timely reminder of the importance of companies and businesses doing their commercial and legal...
Many businesses sensibly adopt the practice of making a phone call to verify bank details before making a large funds transfer. The consequences of failing to do this were illustrated in a recent case in the District Court of Western...
We are proud to announce that our Managing Director, Grant Pestell, has been recognised by Doyle’s Guide as one of Western Australia’s leading lawyers in Technology, Media & Telecommunications for 2024.With close to 30 years of experience, Grant has built...
The Insolvency Practice Schedule (IPS) in schedule 2 of the Corporations Act 2001 (Cth) permits the creditors of a company subject to external administration (as that term is defined in the IPS) to pass a resolution which appoints a Committee...
On 9 October 2024, the Australian Federal Government introduced into Parliament a Cyber Security Legislative Package 2024 comprising the:Cyber Security Bill 2024 (the Bill); Intelligence Services and Other Legislation Amendment (Cyber Security) Bill 2024; and Security of Critical Infrastructure...
Section 30 of the Bankruptcy Act 1966 (Cth) is a provision of wide import and broad application. It permits the Court to make such orders as the Court considers necessary for the purposes of carrying out or giving of effect...
MPH is proud to have sponsored the MADALAH Youth Leadership Summit once again in 2024.The annual Summit empowers student leaders from the MADALAH cohort, aiming to build their leadership skills while fostering connections with fellow Aboriginal and Torres Strait Islander...
With the 2024 AGM (Annual General Meeting) season under way for public companies with a financial year ending 30 June, it is important to ensure compliance with key regulatory requirements and careful attention to the legal and procedural developments is...