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10.58pm GMT

The government is making what were meant to be temporary changes to corporation disclosure laws, permanent, to discourage “opportunistic” class actions.

From Josh Frydenberg’s office:

As recommended by the Parliamentary Joint Committee for Corporations and Financial Services in its report on litigation funding and class actions, the Government is making permanent the temporary changes it made to Australia’s continuous disclosure laws in May 2020 and which are due to expire in March 2021.

Specifically, the Treasury Laws Amendment (2021 Measures No. 1) Bill amends the Corporations Act 2001 so companies and their officers will only be liable for civil penalty proceedings in respect of continuous disclosure obligations where they have acted with “knowledge, recklessness or negligence”.

10.53pm GMT

Another sign good news is coming for Victoria.

This is a good-looking tile. Let’s keep it that way! #EveryTestHelps

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