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Posted Dec 05, 2013 The End of PPSR Transitional Period is Near

On 31 January 2014, the period of temporary protection provided under the Personal Property Securities Act 1999 (PPSA) for security interests created before 30 January 2012 will end. This will affect many security holders who currently rely on the transitional arrangements provided under the PPSA to protect their interests. During the transitional period of the […]

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Posted Nov 29, 2013 Security of Payment Reform: Unpacking the Changes

Protecting Retention Monies and Release of Consultation Paper In recent publications we have provided an overview of some of the changes that have been made to the Building and Construction Industry Security of Payment Act (NSW) 1999 (SOPA). Here we discuss the implications of the reforms specifically with regard to retention monies. The reform The […]

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Posted Nov 21, 2013 Building and Construction Industry Security of Payment Amendment Bill Passed in Both Houses

UPDATE TO ARTICLE PUBLISHED ON 31 OCTOBER 2013 On 14 November 2013, the Building and Construction Industry Security of Payment Amendment Bill 2013 (the Bill), proposing significant amendments to the Building and Construction Industry Security of Payment Act 1999 (the Act), was passed by the NSW parliament. The Bill gives effect to a number of […]

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Posted Nov 18, 2013 Power to the People – Strata Reform Update: Position Paper Released in November 2013

On the 14th November 2013, the Minister for Fair Trading, Anthony Roberts, released the Strata & Community Title Law Reform Position Paper setting out proposed reforms designed to improve strata living in NSW. The key message of this new Position Paper is that the current strata laws are out dated and need to be modernised. […]

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Posted Nov 06, 2013 General Tips on Unregistered Mortgages

Lending money can have its pitfalls. The key for the lender is to ensure that moneys advanced are properly secured. If a borrower wishes to secure moneys advanced by way of an unregistered mortgage, the borrower should consider at least the points below. What considerations should be given when moneys are proposed to be advanced […]

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