Describing your collateral under the Personal Property Securities Act 2009 (“PPSA”) - what is required?

Nearly every person who has completed a registration on the Personal Property Securities Register will tell you that they were not 100% sure of what box to tick or how to describe the property (collateral) over which they are registering their interest. Not only is the process confusing and the online guidance limited, but the consequences of incorr...

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Date posted: 2015-06-22 | Comments(0)

When it pays not to have a security interest

(Dura (Australia) Constructions Pty Ltd v Hue Boutique Living Pty Ltd & Ors [2014] VSCA 326)  Imagine that you have been appointed Receiver over a company which is already in liquidation. Your appointer has an all assets charge and they tell you that the company transferred a million dollars into a solicitor’s trust account only...

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Date posted: 2015-06-11 | Comments(0)

Employment Awards under review - How will you be effected?

There are currently 123 Modern Awards in Australia. Awards are categorised according to specific industry and/or job type and apply to employees who are not covered by an enterprise agreement or other registered agreement. Simply put, Awards set out the minimum wage and employment conditions for a vast number of Australian employees. All Mo...

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Date posted: 2015-05-26 | Comments(0)

Legal Update: Deputy Commissioner of Taxation v Scott [2015] QDC99

As part of our ongoing commitment to provide accountants and advisors with up-to-date information which assists in your business, we wish to bring to your attention a recent decision, handed down earlier this month, which has not been published in the public domain. We are on a unique mailing list which provides us with decisions which relate to tax ...

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Date posted: 2015-05-19 | Comments(0)

Preference Claim Action Timing

At Gavin Parsons and Associates we work hard to keep up to date with the latest developments in insolvency law and enjoy writing for insolvency publications on issues commonly faced by creditors, debtors and insolvency practitioners.  Most recently an article on preferential payments written by our Rebecca Ross in conjunction with Co...

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Date posted: 2015-05-11 | Comments(0)

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