QLD 2020-21 Financial Provisioning Scheme Annual Report released

On 15 September 2021, Queensland Treasury released its annual report for the Financial Provisioning Scheme (FPS) governed by the Mineral and Energy Resources (Financial Provisioning) Act 2018 (Qld) (FP Act). The annual report provides insight into risk outcomes, status of transition, contribution fund and surety balances, and planned expenditure. Snapshot Of the aggregate $7.4 billion … Read more

Wind farm assets held to be chattels, not fixtures

In a recent test case involving Ararat Wind Farm, the Supreme Court of Victoria held that above-ground wind farm assets were chattels and therefore excluded from the capital improved value of leviable land for the Victorian Fire Services Levy. Read more

Adoption of Equator Principles 4

On 18 November 2019, the updated version of the Equator Principles (EP), EP4, was adopted by the Equator Principles Association. EP4 will apply to mandated transactions from 1 July 2020. This article discusses the key amendments made. Read more