Commercial Leases Affected by PPS Register
The Personal Property Securities Act 2009 (Cth) |Act| provides an electronic register to record “security interests” for personal property e.g. machinery, motor vehicles, etc. held as security or collateral to repay a debt or financial obligation. PPSR registration information Personal... Read More →
When the going gets tough…
When they are in financial strife, some people seek advice from their financial and legal advisers – but most do nothing, believing that it will somehow all go away, or that there is no way out. Unfortunately, the problem doesn’t... Read More →
Commercial Property Owners Can Now Swap Equity for Debt or Cash
Commercial property owners can now release equity from their property investments without the need to sell 100% of their interest in the property. Features: Properties that are valued between $1 m – $5m and have an approved long term tenancy;... Read More →
Amendments to Associations Incorporation Act
On 26 November 2012 the Associations Incorporation Reform Act 2012 replaced The Associations Incorporation Act 1981 The key amendments of the New Act can be summarised as follows: Association’s statement of purposes will automatically be deemed to be part of... Read More →
ASIC Continued Review of Responsible Entities and Management Investment Schemes
Australian Securities and Investment Commission (“ASIC”) has recently completed a review of Responsible Entities operating unlisted property management investment schemes. Based on its review, a number of areas of non-compliance by various Responsible Entities were uncovered, including: (a) Non-compliance with Australian Financial Service license conditions; (b) Inappropriate... Read More →
Are you Looking for Direct Property Investment?
Australian Securities Limited (ASL) has recently established the Australian Securities Property Fund (ASPF). The ASPF is a unique non-pooled property fund providing investors with the opportunity to have the key benefits of direct property ownership via a registered managed investment... Read More →
Changes in the Civil Procedure Act 2010
If you are considering legal proceedings or have had legal proceedings issued against you, the changes in the Civil Procedure Act | CPA | are likely to impact you, your solicitor, your financier and your expert witness. The CPA came into force in Victoria... Read More →