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Foreign owned subsidiaries make up a substantial part of the Australian economy, with around a third of Australia’s top 2000 companies foreign owned. While Australia may be a relatively small market, its stable political environment and rule of law make it an attractive platform to base operations throughout the rest of the Asia-Pacific region. But operating in Australia also means working in a highly regulated market. It can be a surprise to multinationals moving to Australia to learn the compliance requirements, meaning balancing the demands of overseas management and complying with local regulations is needed.
We work with more than 150 foreign owned subsidiaries across all industry sectors, assisting them with everything they need to successfully run their business in Australia – from workplace health and safety laws to intellectual property and taxation. We’ve been doing it for more than 30 years and understand the relationships between the overseas head office and the Australian subsidiary, as well as the importance of ensuring the parent is satisfied all local compliance issues are in safe hands.
We assisted the Australian subsidiary of a global automotive component manufacturer with its acquisition strategy in Australia and overseas. The company grew so much the Australian subsidiary became the centrepiece of the international operation. We helped the company with all of its acquisitions as well as its supply agreements, employee issues and IP registrations. We continue to act for the company in all of its Australian matters.
We work with the Australian subsidiary of a manufacturer of access automation control systems, handling all their general business needs, including commercial agreements, disputes, contracts, employment, migration and safety. We have worked for the company since the local business was acquired by a multinational. We then advised the group on its acquisition strategy in Australia. It has since merged again with another multinational and Macpherson Kelley continues to work with the new Australian operations.