Federal Government Announces its Choice of Tax Initiatives for the Finance Industry

The Federal Treasurer announced today that the Government will not proceed with a number of proposed initiatives which had been announced by the former Labor Government as part of the 2013-14 Budget. Among the initiatives which...

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New Limited Australian Financial Services Licence (AFSL)

A new form of financial advice licence will allow accountants to become licensed and able to provide a much broader range of financial advice than they have previously been able to. Licensees will be able to advise on self-mana...

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Securities may not be so Secure Anymore

Those in industry consider “security” issues all the time.  Border security, cargo security, job security, personal security, asset security and security of that inappropriate and potentially incriminating video recording mad...

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Practical Tips for Businesses and Lenders Overwhelmed or Confused by the PPSA

It is just over one month since the Personal Property Securities Register (PPSR) commenced operation. Here, we share our experiences so far. PPSA in a nutshell The Personal Property Securities Act 2009 (Cth) (PPSA) affects all b...

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The Credibility Gap and the Gullibility Fill: Perpetual Trustee Company Ltd v Milanex Pty Ltd (in Liquidation)

In the recent case of Perpetual Trustee Company Ltd v Milanex Pty Ltd (in liquidation) [2011] NSWCA 367, the New South Wales Court of Appeal rejected a mortgage broker’s claim that a lender’s knowledge of discrepancies in a pr...

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