Our Banking & Finance team updated the following resources to reflect the commencement of the new Banking Code on 28 February 2025:

• Practice note, Guarantees and indemnities;
• Standard document, Facility agreement: bilateral; and
• Standard document, Facility agreement: syndicated.

Following the passage of the Albanese Government's cybersecurity reform package and the first tranche of reforms to the Privacy Act late in 2024, the Data, Privacy and Cybersecurity experts in our Commercial team have made significant updates to the following documents:

• Standard document, Privacy policy;
• Practice note, Security of critical infrastructure and systems of national significance;
• Practice note, Privacy law enforcement and regulation;
• Practice note, Cybersecurity due diligence;
• Practice note: overview, Cybersecurity;
• Practice note, Notifiable Data Breaches scheme;
• Practice note, Ransomware; and
• Practice note, AI jargon buster,

and published a new Checklist, Civil penalties and infringement notices under the Privacy Act 1988 (Cth).

The Commercial team also continued to add to our supply chain content set with a new Checklist, Preparing for supply chain disruptions in a future crisis.

Our Corporate team has published a new long form precedent agreement in the form of a market-standard offer management agreement between a company and a lead manager for use in conjunction with an initial public offering (IPO) of the company's shares under a prospectus.

The Corporate team has also refreshed the following documents that deal with stamp duty in corporate transactions:

• Practice note, Duty on share and unit acquisitions;
• Checklist, Duty on share and unit acquisitions;
• Practice note, Duty on asset acquisitions ; and
• Checklist, Duty on asset acquisitions.

Our Employment team continues to update existing content for, and create new content responsive to, the ongoing program of employment law reform that has been central to the Albanese Government's legislative program.

They have published a new Help and information note, Key 2025 calendar dates for employment practitioners which provides a quick reference guide to key 2025 dates for employment and industrial practitioners, including commencement dates for key federal, state and territory legislative reforms.

The Employment team has also published a new practice note providing an overview of the application and operation of key industrial and workplace laws relevant to the engagement of individuals providing their personal service through an independent contracting arrangement (see Practice note, Independent contracting and workplace laws), and two new practice notes on executive employment:

• Practice note, Executive employment (1): An introduction to the management of a body corporate; and
• Practice note, Executive employment (2): Duties and obligations.

To keep track of all new and featured updated content on Practical Law, visit our What's New page.