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Green hydrogen, which is hydrogen produced from wind and solar, has become an important investment theme in Australia recently, and is expected to become a major catalyst in Australia's transition to net zero emissions by 2050.

The High Court of Australia has clarified what it means when a business is sold on an ongoing basis, reinforcing the need for buyers and sellers to be prepared if circumstances change to avoid costly disputes.

Emerging Australian copper explorer Fetch Metals Limited has completed the acquisition of Queensland Mining Corporation Pty Ltd (QMC) after acquiring the final 41.4 per cent of the company it did not already own for A$20.8 million with assistance from Thomson Geer.

Thomson Geer is advising ASX-listed gold company Chesser Resources Limited (ASX:CHZ) on its proposed acquisition by Canada-based global precious metals miner, Fortuna Silver Mines Inc., in an all-scrip deal valuing Chesser at A$89 million.

Thomson Geer has advised global software solutions provider Ideagen Pty Ltd in its acquisition of Australian software company OnePlace Solutions.

The Reserve Bank of Australia (RBA) decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent. Inflation in Australia has passed its peak, but at 7 per cent is still too high and it will be some time yet before it is back in the target range. Given the importance of returning inflation to target within a reasonable timeframe, the Board judged that a further increase in interest rates was warranted today.

The Premier, Chris Minns has announced his government’s first full Ministry. The Minns Ministry is a reduced Cabinet of 22 Ministers, but for the first time in New South Wales history, will be 50 per cent women (excluding the Premier). For the first time in New South Wales history, a woman will hold the position of Leader of the Government in the Legislative Council. For the first time in New South Wales history, a woman will hold the portfolio of Energy (Sharpe), Police (Catley), Regional NSW (Moriarty), Finance (Houssos) and Regional Transport (Aitchison). For the first time in New South Wales history, an Australian Minister was sworn in on the Bhagavad Gita (Mookhey), and a NSW Minister will be sworn in on the Quran (Dib).

The Victorian Government has confirmed the framework for future enterprise agreements with the state’s public sector workers, under an updated wages policy. Minister for Industrial Relations Tim Pallas today released details of the new Victorian Public Sector Wages Policy, which increases the wages component from the current 1.5 per cent per annum to a funded annual increase of 3 per cent.