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Thinking posts
10 results10 results
Thinking| 12 Sep 2019
A timely reminder: extensions of time for registration under PPSA
The decisions of In the matter of Assta Labels Pty Ltd [2018] NSWSC 1094 (Assta), In the matter of Psyche Holdings Pty Limited [2018] NSWSC 1254 (Psyche and, In the matter of Highlake Resources Pty Ltd [2018] FCA 1292 (Highlake) have added clarity to the factors courts will consider in assessing whether to grant an […]
Thinking| 10 Jul 2019
High Court provides certainty for corporate trustees: Amerind
On 19 June 2019, the High Court delivered its judgment in one of the most hotly anticipated insolvency judgments this year, the Amerind appeal: Carter Holt Harvey Woodproducts Australia Pty Ltd v The Commonwealth.1 The High Court unanimously dismissed the appeal, upholding the Victorian Court of Appeal’s decision and confirming (although for differing reasons) that: […]
Thinking| 04 Feb 2019
Hip hip hooray, PPSR! But it may be time to renew your PPSR registration
The Personal Property Securities Register (PPSR), established on 30 January 2012, has celebrated its seventh birthday. The PPSR is a comprehensive national register of all security interests in personal property in Australia. While birthdays are a time for celebration, this seventh birthday needs to be approached with caution – for the PPSR, it marks the […]
Thinking| 11 Dec 2018
Corporate trustees and ipso facto reforms
The Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Act 2017 (Cth) (Act) introduced new laws which operate to stay the enforcement of ipso facto clauses that are triggered upon a company suffering an insolvency event. These new laws come into effect for contracts entered into on or after 1 July 2018. An ipso facto […]
Thinking| 25 Sep 2018
Insolvency reform to address corporate avoidance of employee entitlements
The Commonwealth has released an exposure draft of the Corporations Amendment (Strengthening Protections for Employee Entitlements) Bill 2018 (Bill) for consultation which will make key amendments to the Corporations Act 2001 (Cth) (Corporations Act). The Bill strengthens the current provisions aimed to deter companies from diverting assets to avoid the payment of employee entitlements on […]