Articles

Posted Jun 18, 2019 Recent Decision Opens SOPA Window for Liquidators
Read

Case note- Seymour Whyte Constructions Pty Ltd v Ostwald Bros Pty Ltd (in liquidation) [2019] NSWCA 11 In the recent decision of Seymour Whyte Constructions Pty Ltd v Ostwald Bros Pty Ltd (in liquidation)1 (Seymour Whyte) the NSW Court of Appeal confirmed that in NSW the Building and Construction Industry Security of Payment Act 1999 (NSW)…

Read
Posted Jun 11, 2019 Residential Property Developers and Purchasers Affected by Cladding Legislation Changes
Read

Summary of the New Laws Almost two years have passed since the Grenfell Fire in June 2017 and five years since the Lacrosse Fire in Melbourne 2014. To address public fire safety concerns following these two incidents, new laws have passed for buildings that are affected by external combustible cladding material. In summary, the owners…

Read
Posted Jun 03, 2019 New Draft Security of Payment Act Regulations 2019: Open for Public Consultation
Read

NEW CONSULTATION PAPER The NSW Government has issued a draft Building and Construction Industry Security of Payment Amendment Regulation 20191  (“Draft SOPA Regulations”) which is open for public consultation from 27 May to 21 June 2019. Amendment Act 2018 On 21 November 2018 the Building and Construction Industry Security of Payment Amendment Bill 2018 (“Amendment…

Read
Posted Feb 13, 2019 The Royal Commission’s Effect on the Mortgage Broking Industry
Read

The recent Royal Commission into the Banking, Superannuation and Financial Services sector has thrown the mortgage broking industry into a state of disarray. The most immediate change which is proposed – the banning of trail commission – is enough to cause mortgage brokers, especially those less seasoned in the industry to consider leaving the industry…

Read
Posted Feb 01, 2019 Are your PPSR Registrations about to expire?
Read

The Personal Property Securities Register (PPSR) is 7 years old as at 30 January 2019. This means that 7 year registrations have started to expire. Once a registration expires it can’t be extended or renewed and you may become an unsecured creditor. Re-registering an expired registration may mean the loss of priority to other creditors…

Read