Introduction The Bankruptcy Amendment (Enterprise Incentives) Bill 2017 (“the Bill”) which proposes to amend the provisions of the Bankruptcy Act 1966 (“the Act”) was referred to the Senate Legal and Constitutional Affairs Legislation Committee (“the Committee”) on 30...
Introduction The provisions of the Taxation Administration Act provide that the directors of companies are required to ensure that their company complies with obligations to: Lodge and pay PAYG withholding by the due date; Lodge and pay the quarterly superannuation...
Introduction The Corporations Act 2001, which dictates the way in which liquidations must be conducted, recently changed and now comprises: Corporations Act 2001 Insolvency Practice Schedule (Corporations) (Schedule 2 of the Corporations Act 2001) Corporations...
Introduction Our previous edition of Inside Edge provided a summary of the implications of the Personal Property Securities Act (“PPSA”). We also included practical tips that property owners could apply to protect their interests in property in the possession of...
Case study An entity based in the USA made a $50 million mistake by failing to register on the PPSR four gas turbines leased to an Australian mining company, which subsequently was placed in receivership. What is the Personal Property Securities Register (PPSR)? The...
Introduction An earlier edition of Inside Edge highlighted problems with informal deeds of arrangement. As an update, we are aware that the company referred to in that edition was being pursued through the courts by creditors who are not satisfied with the...
