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The Commonwealth Government has released a discussion paper seeking stakeholder feedback on proposed legislative reforms to Australia’s foreign investment framework which are designed to build on the policy and practice reforms announced by the Treasurer last year. The potential reforms aim to reduce regulatory burdens for low-risk investments, improve the efficiency of managing approved investments and enhance enforcement powers to protect Australia's national interest and security.

COP30 is expected to set the direction for global climate policy and markets over the next decade, presenting both significant challenges and new opportunities for Australian businesses in the face of shifts in the world’s climate leadership, as new emissions targets are set, and rules for carbon markets and climate finance are refined.

For boards and executive management, the imperative is to ensure that AI is governed with the same rigour and oversight as other critical risk domains such as cyber security, privacy and financial controls.