News and Current Matters

As part of our up-to-date service to our clients we will provide articles and links to interesting developments in the law. For any further information on matters referred to here please click here to contact us.

• Will the Personal Property Security Changes affect your business?

  The changes brought in by the Personal Property Security Act 2009 may affect how you do business?  Click here to read more.

• LIMITED RECOURSE LOANS TO SMSF’s – WILL THEY BE A FINANCIAL PRODUCT?

  Changes are being proposed to the Corporations regulations that will have significant, if unintended, consequences for SMSF’s looking to enter into limited recourse borrowing arrangements. Click here to read more.

• Changes to Superannuation Borrowing Exemption

  The Federal Government is changing the rules relating to the non-recourse borrowing rules for superannuation funds because of perceived problems. Click here to read more.

• Personal Property Securities Act

  The future is simpler ... sort of... The Personal Property Securities Bill 2009 completed passage of both Houses of the Parliament on 26 November 2009 and is set to become effective from May 2011. Click here to read more.

• National Consumer Credit Protection regime – ASIC Roadshow

  ASIC is hosting a National Credit Roadshow to help credit providers and businesses involved in assisting consumers obtain credit comply with the new National Consumer Credit Regime.  They are attending Newcastle on 17, Port Macquarie on 18 March, and Coffs Harbour on 19 March. Click here for full details and to register.

• Indefeasibility for what?

  A number of recent cases have highlighted deficiencies in the approach taken by some lenders under our Torrens System of title by registration. It appears that we need to go back to the future to ensure registration of a mortgage gives lenders the protection they seek. Click here to read more.

• Consumer Credit Reforms - Senate committee amendments and change of dates ... again

  Chris Bowen, the Minister for Financial Services and Superannuation and Corporate Law has announced some changes following the recently released Senate Economics Committee Report on the proposed legislation. Click here to read more about this important development.

• Changes to timetable for Consumer Credit Reforms affect brokers and lenders

  The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP announced on Friday 14 August 2009 a number of changes to the proposed timetable for the introduction of the National Consumer Credit Protection reform. The changes bring forward the responsible lending provisions for brokers and non-ADI lenders. Click here to read more about this important development.

• National Consumer Credit Protection Reform package – June 2009

  The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP introduced a package of bills on 25 June 2009 that will establish a national law for the regulation of consumer credit. The law affects all those engaged in providing services to consumers in relation to consumer credit. To read more about how this law will affect you click here.