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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

  1. 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.

  2. 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.

  3. 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.

  4. 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.