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Purchase Money Security Interest (PMSI) under the PPSA

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Purchase money security interest (‘PMSI’) – sounds ‘perfect’, doesn’t it? Priority rules decide which secured party ranks higher (and thus can be paid out first upon liquidating). The rules are mostly quite simple for perfected security– first in time, first in line – in most cases an earlier dated perfected registration beats a later one
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What It Means to Enter Voluntary Administration

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As of October 2019, the Australian Taxation Office (ATO) had an outstanding debt amounting to $45 billion. If government agencies can carry that much debt, of course, it can happen to businesses too. Other than entering into liquidation, what else can businesses do if they reach the point of not being able to pay back
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5 Documents You Need to Start a Business

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Starting a business is an exciting process that can lead to incredible experiences, high profits, and success. However, in order to bring your business idea to life, there are several key documents you’ll need to have ready. When it comes to the different types of business documents you need, which ones are vital to getting
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What You Need to Know About the Code of Conduct for Commercial Tenancies

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The Australian government just agreed on a mandatory Code of Conduct for commercial tenancies. Here are further details on what the Code means for small to medium-sized leasing businesses. Commencement and Expiry This Code comes into effect in all states and territories from a date following 3 April 2020 (being the date that National Cabinet
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Coronavirus: A Pandemic’s Legal Implications for Commercial Contracts

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Coronavirus Outbreak Starting from Wuhan, China in December 2019, Coronavirus (COVID -19) has now spread all over the world. The impact is horrendous – both from a well-being perspective and from an economic perspective. We are seeing an impact on airline companies, migration, retail shops, landlords, tenants, our stock markets and effectively all businesses. There
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