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The Bank was not required to inform the Builder of its position when it became aware of the sale of land contract.

A notice of assignment of debt is required by Queensland law when a debt is assigned (transferred) to a new creditor.

On 1 September 2010 the High Court handed down its much anticipated decision in the appeal from Re Octaviar Ltd (No 7) [2009] QCA 282. The High Court, consisting of Chief Justice French, and Justices Gummow, Hayne, Kiefel and Bell, unanimously dismissed the appeal in Public Trustee of Queensland v Fortress Credit Corporation (Aus) 11 Pty Ltd [2010] HCA 29.

Article explains and discusses recommendations made by Commissioner Hayne in relation to lending to agricultural enterprises.

That decision is usually dependent on the circumstances, the amount of debt and the required timeframe for resolution.

There are two exemptions to being authorised under an ACL which will allow you to refer clients to a licensee.

After a number of delays, the Personal Property Securities Act 2009 finally commenced operation on 30 January 2012.

The PPSA change core will change business practices for the rural/agribusiness sector.

If the government ratifies the international CTC, security interests in aircraft objects will be regulated by the CTC.

Authorising employees to sign supply contracts will entitle the supplier to a PPSA security interest over the company.

A discussion of In Valcorp Australia Pty Ltd v Angas Securities Limited [2012] FCAFC 22.

Unless security interests are correctly registered by 30 January 2014, they will no longer be automatically protected.

Experts predict an increase of activity in the area of private lending and capital raising for distressed companies.

A PBA is a payment method for contractors, where a project-specific bank account is operated with a trust arrangement.

This checklist will help provide clients with sufficient understanding of the risks associated with an MDA offering.

The Australian Securities and Investments Commission (ASIC) and the Australian Securities Exchange (ASX) have recently announced changes to the rules governing partly-paid securities.