Financial crisis - The challenges for Australian state and local government

Like many others, decision makers within government and statutory bodies are finding themselves under increasing pressure from the rapid and unprecedented changes in global financial markets. The severe impacts of the global financial crisis on the stability of financial institutions, financial services providers and on international and domestic economic activity has and will continue to require substantive action from government and its agencies. While many state and local governments may approach this by implementing regulatory reform, undertaking an internal review of risk management procedures is of equal importance.

Formulating an informed view about dealings with third parties (licensees, suppliers, tenants and financiers) is a vital step in the process. Developing an understanding of the legal relationships, rights and obligations with all key stakeholders will allow you to plan ahead and reduce the impact of the crisis on your department or organisation.

To help our government clients deal with these issues, DLA Phillips Fox has developed a booklet titled, Financial crisis: The challenges for Australian state and local government. This booklet outlines the issues that your department or organisation may be facing, or may potentially face in the months ahead, and suggests ways in which we are able to assist.  Our lawyers are available to help you tackle the challenges and utilise the opportunities that are emerging from the financial crisis.

Please note, the below is to an interactive PDF. After opening the PDF, please click on the page headings on the Contents page to be taken directly to that section. Clicking on 'BACK TO CONTENTS' in the bottom right corner of the PDF will return you to the Contents page.