704 results found

On February 28, 2023, Australia's securities regulator, the Australian Securities and Investments Commission (ASIC), announced that it had commenced "civil penalty proceedings...

Companies should now be able to consider the declaration and payment of franked dividends with more certainty.

The Federal Court of Australia has provided judicial guidance about what constitutes taking possession by seizure under the Personal Property Securities Act 2009 (Cth) ("PPSA").

Several leading law firms have worked together to develop a best practice industry approach to drafting security documents.

On 11 May 2017, Federal Parliament passed the Personal Property Securities Amendment (PPS Leases) Bill 2017.

Suppliers relying on ROT clauses in contracts should review all sale documents and procedures to comply with the PPSA.

Importance of making sure that share transfers are documented correctly.

Like IPOs, ICOs are a form of fundraising, where companies issue investors with coins or tokens instead of shares.

Shortfalls must be disclosed as they are expected to materially affect the price or value of company shares.

Courts in WA and NSW have recently extended the time for PPS interest registration past the prescribed 20 business days.

This article discusses some of the issues, planning opportunities and potential traps that arise from the PPS Act.

This change could affect which PPS leases you may need to register on the Personal Property Securities Register (PPSR).

The Bill aims to significantly reduce the regulatory impact the PPSA is having on short term hire and rental businesses.

Under the new definition, a hire agreement will not need to be registered unless it is for a period of more than 2 years.

Whether settlement terms operate as a release of obligations depends upon the proper construction of the document. .

The PPSA may have succeeded in creating more uncertainty and difficulty than ever existed prior to its introduction.

These decisions highlight the perils of failing to register interests on the PPSR, or failing to correctly register them.