COMMONWEALTH FINANCIAL LAW
With strengths in: establishment
and maintenance of trusts, finance banking law,
financial governance, financial regulation and
management issues, fraud, defective administration,
insurance/indemnities/guarantees, loans and financial
arrangements, mortgages and other charges, and
securities.
AGS has a comprehensive knowledge of the legal issues
that govern Australian Government financial transactions.
We also appreciate that the Australian Government
in its financial transactions is subject to different
requirements of accountability from those applicable
in the private-sector, including requirements such
as Australian National Audit Office review of transactions,
ministerial responsibility to Parliament and scrutiny
of expenditure by parliamentary committees.
Our lawyers are comfortable and experienced at operating
within the Commonwealth financial management and
accountability framework. AGS was the legal
adviser to the Department of Finance and Administration
in relation to the drafting of the Financial Management
and Accountability Act 1997 and the Commonwealth
Authorities and Companies Act 1997 and subsequent
amendments to that legislation.
We also have a great deal of expertise in the application
of the Commonwealth financial framework to commercial
transactions. For example, we have extensive experience
in major purchases and acquisitions ranging from
information technology networks to buildings. AGS
contributed to the development of the Australian
Government’s general procurement guidelines
and information technology procurement policies and
has experience in devising creative but legally sound
and publicly accountable approaches to problems and
difficulties.
Advice can be provided on taxation issues from a
constitutional, statutory and financial perspective
or alternatively from a strategic or litigation perspective.
Our lawyers also have particular expertise on insurance
matters and can provide advice on your insurance
as well as the insurance responsibilities of non-Australian
Government organisations operating within the Australian
Government environment. AGS acted as solicitors assisting
the HIH Royal Commission.
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