Commercial Law

2015/16 Annual Report

The Commercial Law Committee’s role is to report and make recommendations to the Law Society’s Council on commercial issues of significance to the Law Society and its members. The Committee has representatives on a number of liaison groups:

  • State Revenue;
  • Consumer Protection;
  • ASIC Regional Liaison Group; and
  • Law Council of Australia, Business Law Section, Corporations Law Committee.

In 2015/16, the Committee considered a wide range of commercial issues and monitored legal developments and the progress of new legislation and reports in relation to a number of different subject areas, including the Productivity Commissions Draft Report on Business Set-Up, Transfer and Closure, Harper Review – Final Report of the Competition Policy Review, Capability Review of ASIC – recovery of investigation expenses and costs, Directors’ Liability Reform Bill 2015, Limited Partnerships Act 1909 (Rob Mckenzie a member of the Committee and also in the Law Council’s Limited Partnerships Working Group), the Bell Group of Companies (Finalisation of Matters and Distribution of Proceeds) Bill 2015, Personal Properties Securities Reform, the emergence of digital currency (bitcoin) and the interaction of business and human rights.

The Committee contributed to submissions or responses from the Law Society in relation to the following:

  • 2016 Corporations Agreement Working Group;
  • proposals to modernise processes for publishing WA legislation;
  • Australian Consumer Law Review; and
  • Limited Partnerships Act 1909

Members of the Committee attended meetings in order to obtain information and to provide feedback on behalf of the Law Society on various topics including State revenue and ASIC Regional Liaison Group Meetings.

For more information about this committee please email General Manager, Advocacy – Mary Woodford, advocacy@lawsocietywa.asn.au