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Latest News |
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Buy Sell Agreements
24/11/2011
1. What are Buy/Sell Agreements ("BSAs"), and why are they necessary?
(a) Broad overview of what a BSA is
A BSA is an agreement entered into by the participants in a commercial/business entity, primarily providing for succession amongst those participants, in the event that certain occurrences happen, and providing also the means of facilitating such succession.
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Personal Property Securities Reform
31/10/2011
Currently, Australia has different laws and registers in each State and Territory. The Personal Property Securities ("PPS") reforms bring together the different Commonwealth, State, and Territory laws and registers under one national system. It introduces the Personal Property Securities Act 2009 ("PPSA") and an online PPS Register.
The new PPS regime was scheduled to begin on 31 October 2011. The Attorney General's department recently advised the expected start date for the PPS Service will now commence operations in early 2012.
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