Posts in Insolvency
Your financial complaints dating back to 1 January 2008 can now be heard – but for a limited time only!

From 1 July 2019, Australian consumers and small businesses will be able to lodge complaints with the Australian Financial Complaints Authority (AFCA) about the conduct of financial firms dating back to 1 January 2008 but complaints must be lodged with AFCA between 1 July 2019 and 30 June 2020. After this 12 month period, AFCA will no not be able to accept legacy complaints.

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Transferring shares in a corporate trustee – beware the potential duty cost

Most accountants and lawyers are aware of the duty implications of changing a trustee of a trust that holds dutiable property in New South Wales – as long as any new trustee or continuing trustee cannot benefit under the trust, the duty payable on a transfer of dutiable property to the new trustee or continuing trustee will only be $50.

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UPDATE – Appeal Dismissed – Court confirms $60 million windfall gain
Error in your PPSR Registration? Court confirms (yet again) the cost of getting it wrong.

The growing jurisprudence in Australia in relation to the Personal Property Securities Act 2009 (Cth) (PPSA) has demonstrated, once again, how a defective registration on the Personal Property Securities Register (PPSR) can result in a security interest being unenforceable upon the grantor of that security interest becoming insolvent.

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