Category: Commercial Law

News

POSTED: 24 Aug 2018
Prior to 1 July 2018, Crown land was managed under the Crown Lands Act 1989 (CLAct), and at least ten (10) other separate pieces of legislation. When the Crown Land Management Act 2016 (CLMAct) came into effect, eleven (11) Acts of the old Crown Land regime became wholly repealed, including the CL Act.
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News

POSTED: 24 Jul 2018
When a party to a contract experiences an insolvency event or encounters financial difficulty, there are likely to be certain rights that arise under a contract which are generally known as ‘ipso facto’rights. Ipso facto clauses in contracts allow a party to the contract to exercise rights, such as terminating or modifying the contract, even if the insolvent party to the contract is still able to continue to perform its obligations under the contract.
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News

POSTED: 16 Mar 2018
The Duties Act 1997 (NSW) sets out instances where a concessional or nominal amount of duty is payable on the transfer of property.Section 54(3) of the Duties Act 1997 (NSW) is an example of such a provision and states as follows:“(3) Duty of $50 is chargeable in respect of a transfer of dutiable trust property to a person (other than to a licensed trustee company, a special trustee, a trustee of a self managed superannuation fund or a trustee of a special disability trust) as a consequence of the retirement of a trustee or the appointment of a new trustee if the Chief Commissioner is satisfied that, as the case may be:
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News

POSTED: 05 Mar 2018
The SOP Act is a small but contentious piece of legislation which is ever changing and producing judgments from the Courts on an almost weekly basis.
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News

POSTED: 11 Dec 2017
The Personal Property Securities Act 2009 (Cth) (PPSA) was enacted in 2009 and brought together over seventy (70) previous Commonwealth, State and Territory Laws regarding security interests in Personal Property (being all property owned by a person other than real estate) and established one national online register in Australia known as the Personal Property Security Register (PPS Register).
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