From secured - to unsecured - and back to secured; can a creditor restore their unregistered security interest to its previous priority on the PPSR

Imagine you are appointed as Administrator and according to a PPS search there are no creditors with any security. You were told by the director that there probably was at least one secured creditor, but nothing is registered on the PPSR. After taking on the appointment, you hear that there was a registration at some time, but it was removed by...

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Date posted: 2015-04-09 | Comments(0)


PPSA Practical Solutions

How to register your client’s security interest when it was granted by a corporate trustee A registration on the Personal Property Securities Register (PPSR) is not intended to provide comprehensive details regarding the terms of the security in...

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Date posted: 2015-04-09 | Comments(0)


Pragmatism from the Victorian Supreme Court; when a transaction that elevates an unsecured creditor to a secured creditor will not be considered uncommercial

The Liquidators appointed to the company known as 640 Elizabeth Street Pty Ltd (“640”) have recently tested the boundaries of the Court’s opinion of a benefit received in connection with an uncommercial transaction. In 640 Elizabeth Street Pty Ltd (in liq) &Ors v Maxcon P...

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Date posted: 2015-04-08 | Comments(0)


Restraints of Trade: Are you properly protecting your business?

In many cases, employers who wish to save costs use template employment contracts that are often out of date and/or are not tailored to the particular employee. This results in a significant percentage of restraint of trade provisions in employment contracts being void and unenforceable.Unfortunately, these efforts to sa...

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Date posted: 2015-04-08 | Comments(0)


Overview of Director's Duties & Responsibilities

Click here to download our summary of Director's Duties mandated by the Corporations Act 2001 (Cth), Work Health and Safety Act 2011 (Cth), Australian Competition and Consumer Act 2010 (Cth), the common law and more....

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Date posted: 2015-03-23 | Comments(0)


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