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Proposed amendments to the requirements for listing on the ASX
Australian Securities Exchange Ltd (ASX) proposes changes to admission requirements to maintain market quality and integrity. Thresholds raised, minimum free float and spread tests strengthened. Refusal of admission examples to be included in Australian Securities Exchange Ltd (ASX) Guidance Note 1. Changes could be implemented as early as July 2016.
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Purchase Money Security Interests (PMSIs) and super priority – explained
Discover how a purchase money security interest (PMSI) can give you super priority over other security interests. Learn more about the time frames for registration and how to perfect your PMSI in order to obtain the maximum security. Click through to the full article to find out more.
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Priority issues and the PPS Register
This article takes a closer look at the PPSA and how it affects secured creditors, exploring the Default Priority Rules, Attachment Times and priority time, as well as examples of situations where more specific priority rules apply.
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Vesting unperfected security interests on liquidation – register or perish!
In White v Spiers Earthworks Pty Ltd [2014] WASC 139 (White v Spiers), it was held that a security interest granted by a company will vest with the Grantor on insolvency or bankruptcy, unless it is registered on the PPSR. Businesses must take steps to register security interests to avoid potential loss.
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Tax incentives for early-stage innovation investors
The Australian Government has proposed a bill to incentivise innovation and foster an entrepreneurial culture. Learn more about the 20% non-refundable tax offset for eligible investors and the potential for an Australian Innovation Fund.
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When is a written agreement legally binding – Masters v Cameron revised
Understand the three types of written agreements and when they are legally binding. Learn the action to take if you have questions about the binding effect of a particular contract.
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Is your confidential information truly protected?
This article examines the complex nuances around protecting confidential information, essential for commercial transactions. It looks at the quality of confidence, circumstances implying an obligation of confidence, and various Court cases to determine the confidentiality of information.
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Third line forcing & commercial contracts
Third line forcing is illegal and can lead to serious penalties. Learn what the Competition and Consumer Act 2010 (Cth) says, exemptions, compulsion and Australian Competition and Consumer Commission (ACCC)’s notice form. Understand why it’s prohibited and the consequences of not following the law.
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Franchisor liability for misleading forecasts
An overview of legal requirements for making forecasts in a franchisor-franchisee relationship, and guidance on how to make forecasts that are legally compliant, are explored in this article. Learn how to protect franchisors and franchisees from legal action.
