COVID-19 Update

Private Clients

UPDATE: Face Masks in Victoria: What are the Employer’s Responsibilities?

We recently discussed the Victorian Government’s recommendation to wear face masks and the responsibility of employers. The Victorian Government announced that, from 11:59pm on Wednesday 22 July, face coverings will be mandatory for those leaving their home in metropolitan Melbourne or Mitchell Shire. Fines for individuals not wearing a face covering outside their home is … Read More

Can I really have my Will witnessed over Skype?

Please note that the information contained below is current as at 1 May 2020 and may be subject to change.   A validly executed Will typically requires the will-maker to sign it in the presence of two independent adult witnesses. That is, three people physically present in the same room at the same time watch … Read More

Is Your Bank Guarantee Worth the Paper it’s Written On?

The contract has been signed, the $1 million has been paid and a Bank Guarantee has been issued to secure repayment. Nothing further to do…you are protected! Or are you? Bank Guarantees may not be as iron clad as you think! Picture three years later, when the other party defaults and the Bank Guarantee is … Read More

Section 144 of the National Credit Code – Novated Leases & the PPSA

Summary This paper examines the implications of the National Credit Code (“Code”) for the financing of insurance over property that is the subject of a novated lease. Section 144 of the Code prohibits a credit provider knowingly financing insurance of more than one year’s term over property that is mortgaged to repay that finance. This … Read More

The Personal Property Securities Act – ASIC Migrated Charges

Since the Personal Property Securities Act (PPSA) became operational at the end of January, 2012, there have been a number of issues that have arisen in relation to this important new legalisation. Understandably with any new system, accessibility and performance may be a challenge. The issue of ASIC migrated charges (now known as security interests … Read More

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