The undervalue trap: why disclosure, not valuation, is the real test for target boards

The Takeovers Panel’s recent Accent Group decision reinforces that target boards must substantiate claims that a takeover offer materially undervalues the company. Boards and their advisers need to ensure shareholders can understand the reasoning behind an undervalue statement.

EPBC Act reforms: consultation on proposed regulations to support final tranche of reforms

Four new consultation papers set out the proposed regulatory settings to support the final tranche of Australia's environment protection reforms under the Environment Protection and Biodiversity Conservation Act.

Merger reform update: critical amendments to Australia’s merger regime passed by Parliament

Critical amendments to Australia's merger regime partially address consequences of overcapture.

EPBC Act: New National Environmental Standards and commencement of further reforms

Australia’s Environment Protection and Biodiversity Conservation Act 1999 reforms continue to progress, with the commencement of further provisions and the introduction of four new National Environmental Standards.

NSW data centre guidelines and network connection consultation paper

The NSW Government has released a significant new policy framework for data centre investment, following the federal government’s recent announcement discussing a national planning and approvals framework for data centres.

Security of Critical Infrastructure: Tranche 2 reforms

The second tranche of proposed amendments to the Security of Critical Infrastructure Act 2018 represents the most significant proposed structural reform to Australia's critical infrastructure regulatory framework since the Act was amended in 2021–2022.

Five decisions that will define Australia’s AI future

Prime Minister Albanese’s speech on 15 July 2026 marked a decisive shift in Australia’s approach to artificial intelligence (AI), from voluntary guidance to mandatory national regulation.

Federal Court clarifies loss transfer cancellations: A win by retaining losses

The Federal Court of Australia has delivered judgment in Evolution Mining Limited v Commissioner of Taxation [2026] FCA 935, determining that a choice made in a particular tax return did not effectively cancel a prior transfer of certain tax losses. Corrs acted for the successful taxpayer, Evolution Mining Limited.