Corporations Legislation 2019
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By: Edmund Thomas Finnane, Jason Harris
Corporations Legislation 2019 contains the Corporations Act 2001, Australian Securities and Investments Commission Act 2001 and associated Acts and Regulations. The legislation has been fully consolidated, capturing the latest amendments up to 1 January 2019. Cross-references to related legislation (including Court Rules), ASIC Class Orders, ASIC Regulatory Guides, ASIC Forms and the Takeovers Panel Guidance Notes have been included to assist the reader in working with the legislation. Designed for use by corporations practitioners, business professionals and anyone with an interest in corporations law, Corporations Legislation 2019 supplements the Corporations Act 2001 with key section annotations updated by Edmund Finnane, providing additional guidance on case law for selected provisions. In addition, Jason Harris in the Annual Review highlights important Corporations law developments that occurred throughout 2018, providing insightful commentary on significant cases and legislative amendment
AI Overview
The book "Corporations Legislation 2019" is not a novel or a work of fiction but rather a comprehensive legal reference book. It is part of the Thomson Reuters’ Corporations Legislation series, which is renowned for its accuracy, dependability, and reliability in capturing the latest amendments in corporations law up to January 2020.
Key Themes
Corporations Act 2001: The book includes the full text of the Corporations Act 2001, which is a cornerstone of Australian corporate law. It covers various aspects of corporate governance, financial reporting, and regulatory oversight.
Australian Securities and Investments Commission Act 2001: This act is also included, along with associated acts and related legislation. The book provides a consolidated view of the regulatory framework governing corporations in Australia.
Section Annotations: The book is supplemented with key section annotations updated by Sydney barrister, Edmund Finnane. These annotations provide additional guidance on the most important provisions of the Corporations Act, enhancing the reader's understanding of the legislation.
Year in Review: Jason Harris contributes to the "Year in Review" feature, highlighting significant corporations law developments since January 2019. This section provides a summary of major cases, legislative changes, and regulatory updates.
Plot Summary
The book does not have a narrative plot but rather serves as a reference guide for practitioners, business professionals, and anyone interested in corporations law. It provides a detailed analysis of the Corporations Act 2001 and associated legislation, including recent amendments and case law developments up to January 2020.
Critical Reception
While there is no specific critical reception for this book as it is a legal reference, Thomson Reuters’ reputation for producing high-quality, reliable legal resources is well-established. The series is widely used by practitioners and professionals in the field of corporate law, indicating its utility and credibility.
Additional Context
Case Law Highlights: The book discusses several significant cases from 2019, including:
- Carter Holt Harvey Woodproducts Australia Pty Ltd v Commonwealth (2019) 93 ALJR 807; HCA 20, which considered the treatment of trust property when a corporate trustee enters receivership.
- Connective Services Pty Ltd v Slea Pty Ltd (2019) 93 ALJR 1079; HCA 33, which examined the scope of the financial assistance provision in s 260A.
- ASIC v Vocation Ltd (in liq) FCA 807, which dealt with the operation of continuous disclosure laws and directors’ duties.
Legislative Changes: The book also covers the impact of the Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019 and the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019, which introduced new penalties, a product intervention power for ASIC, and design and distribution obligations for certain financial products.
In summary, "Corporations Legislation 2019" is a comprehensive legal reference that provides detailed insights into the Corporations Act 2001 and associated legislation, along with significant case law and legislative developments up to January 2020. Its utility and credibility are reinforced by Thomson Reuters’ reputation in the legal publishing industry.