Personal Property Securities Register and registration requirements for protection of interests
Personal Property Securities Register and Registration Requirements for Protection of Interests On 30 January 2012, the Personal Property Securities Register (“PPSR”) came into effect under the Personal Property Securities Act 2009 (Cth) (“PPSA”). The introduction of this national register merged the various Commonwealth, state and territory laws and registers into one national system for personal property securities. […]
Dissolution of Partnerships
Dissolution Of Partnerships The dissolution of an existing partnership can be effected in many ways. In the absence of other arrangements, the dissolution of a partnership should be followed by a winding up and final settlement of accounts. However, many partnership agreements contain provisions to enable the transition without a formal winding up. A partnership […]
Changes to Paying Company Dividends
Changes To Paying Company Dividends Company dividends: Changes to when dividends can be paid The Corporations Amendment (Corporate Reporting Reform) Act 2010 (Cth) came into effect on 28 June 2010. It has new implications for when companies can pay dividends to shareholders. These new rules in section 254T(1) of the Corporations Act 2001 provide that a dividend […]
Business Names and Trade Mark Protection
Business Names and Trade Mark Protection Business Names Under the Federal Government’s new ‘National Business Name Registration’ system only one application needs to be made to allow an entity to trade under that business name throughout Australia. This system is replacing the previous registration system for business names where the business name was required to […]
Affect Of Recent High Court Decision On All Trusts In Australia
Affect Of Recent High Court Decision On All Trusts In Australia The High Court has recently handed a decision of FCT v Bamford [2010] HCA 10. In response, the ATO has released a Decision Impact Statement (“DIS”) and Practice Statement Law Administration PS LA 201011 which outlines how the ATO will treat the determination of […]