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Structuring
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6 Mar 12
The new securities regime
The Personal Properties Securities Act (PPSA) officially commenced on 30 January 2012 and is now in full force across Australia.
The PPSA introduces fundamental changes to legislation governing personal property securities throughout Australia. It potentially impacts on any person or organisation who deals in personal property as part of their day to day business. This might include financiers lending funds to be secured by personal property, manufacturers supplying goods on retention of title terms or businesses hiring equipment. - 8 Mar 11 Trustees’ obligations in exercising discretion - Finch v Telstra Super Pty Ltd Superannuation Fund Trustees should take note of a recent decision by the High Court of Australia. The decision has a number of implications for superannuation fund trustees exercising a discretion given to them under a fund’s trust deed. The case also gives guidance regarding the duties of a superannuation fund trustee under trust law, and their obligations to beneficiaries.


