
Publication
Minimum wage increase 2023: 5.75%
The Fair Work Commission has approved a 5.75% increase in all award rates and an increase to the national minimum wage, effective 1 July, 2023.
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The transition from LIBOR to alternative risk free rates (RFRs) represents one of the biggest changes to the financial services industry, including those providing trust and agency services. There is increasing pressure on market participants from global regulators to take action to address LIBOR transition in both new and legacy transactions. Given the volume of product and processes affected, LIBOR transition will entail considerable work and risk.
As a result of regulator pressure, LIBOR and other benchmark rates are likely to be restructured or abolished by the end of 2021. We want to keep you up to date with key regulatory and industry developments and provide practical tools to help you navigate the challenges the reforms present.
This briefing considers the issues arising from LIBOR transition for administrative agents, collateral agents, trustees, intermediaries and other financial institutions to help you find a solution.
The team tracks financial services regulatory developments. A sample of IBOR updates over the past month includes:
Publication
The Fair Work Commission has approved a 5.75% increase in all award rates and an increase to the national minimum wage, effective 1 July, 2023.
Publication
On 16 May 2023 the Victorian EPA released updated ‘Guidance for environmental and human health risk assessment of wastewater discharges to surface waters’ (EPA Publication 1287.2) (Updated Guidance), replacing the guidelines that were published in 2009 (2009 Guidance).
Publication
As part of our pro bono commitment to supporting First Nations people in Australia, this publication provides background information about the proposed First Nations Voice in anticipation of the upcoming referendum, likely taking place later this year.
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