Liquidators’ environmental responsibility is reinforced by recent Supreme Court decision
In April last year the liquidator of Australian Sawmilling Company Pty Ltd (Company) exercised its power under section 568(1) of…
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Amendments to the exercise of power of sale for disclaimed properties – a welcome respite for mortgagees
On 25 May 2020, Queensland parliament passed the Justice and Other Legislation Amendment Act 2020 (Act) to protect mortgagees of real property…
ASIC’s new product intervention power
As part of its response to the Financial System Inquiry, the Australian Government introduced a product intervention power to enable…
Guidance from ASIC: Approach to lending during the COVID-19 pandemic
Introduction In response to a request from the Australian Banking Association (ABA), the Australian Securities and Investments Commission (ASIC) has…
The Aged Care Royal Commission: the relevance for lenders and how the impact on your customer’s business may affect you
Introduction The Royal Commission into Aged Care Quality and Safety (the Commission) was established in October 2018 to enquire into…
Practical tips for banks to ensure compliance with freezing orders
Introduction Following our most recent article on whether a bank can be in contempt of court for breaching the terms…