DCCL Resource Centre: Issue 11

DCCL Resource Centre: Issue 11

DCCL Resource Centre: Issue 11

This newsletter contains helpful up-to-date resources for our clients. Our previous resource centre publications are available here. Clients are welcome to raise specific issues which they would like us to comment upon in future publications.

Federal Budget: A boost to Research & Development to accelerate business investment

The 2020 Federal budget was released on 7 October 2020. A key change welcomed by industry is, from 1 July 2021, a $2 billion simplified R&D tax offset program which rewards companies for investing more in R&D. Further details and a table summarising the R&D tax offset changes are in our website article.

Changes to Corporations Act extended until March 2021

The Federal Government has made the Corporations (Coronavirus Economic Response) Determination (No 3) 2020 (Cth), which extends changes made to the Corporations Act 2001 (Cth) in response to the COVID-19 pandemic until 21 March 2021. The changes, as covered in our website article, include that companies are permitted to execute documents electronically, provided that the signature complies with the usual requirements under the Electronic Transactions Act.

Extension of Temporary Relief Measures for Landlords and Tenants of Eligible Leases in Victoria

The Victorian Commercial Tenancy Relief Scheme has been extended until 31 December 2020. Aspects of the scheme have been also been amended and, in particular, the Regulations now impose more prescriptive requirements on a tenant’s request for rent relief and remove the requirement that the tenant be an “employer”. The recent amendments to the scheme are set out in our website article.

Upcoming Legal Update Webinar – 14 October 2020

The next webinar in our ongoing legal update series addresses the importance of documenting your IP. Please click HERE for further details and to register.

Date Wednesday, 14 October 2020

12:00 pm – 1:00 pm (AEST)

1:00 pm – 2:00 pm (AEDT)

via Zoom

Legal Resource Team

If you have any queries, please get in touch with one of the principals in our Legal Resource Team:

Dr Gordon Hughes AM

Principal Lawyer

E: GHughes@davies.com.au

P: +61 3 9254 2582

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Craig Finlayson CTA 

Principal Lawyer 

E: CFinlayson@davies.com.au

P: +61 3 9254 2716

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Paul Dewar

Principal Lawyer

E: PDewar@davies.com.au

P: +61 2 9293 1048

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