Business Law

Will employee issues never cease?
Business Law
As if the economy, business compliance and keeping up with customer demand were not enough for business owners to contend with: employers also need to be vigilant about the behaviour of their employees! Courts have found against employers for breaching their duty of care to employees and customers in circumstances where an employee has failed to exercise commonsense. By way...
Is a creditors guarantee worth the paper it is written on?
Business Law
As a provider of credit you insist on it and as the receiver of credit you baulk at providing it: a personal guarantee. How do they apply to sole traders? A sole trader is a person who trades without the use of a company structure, or partners, and who alone bears full responsibility for the debts of the business. A...
What price would you pay for security?
August 2013 Issue 85
In previous editions of B2B, elringtons have written about the relatively new Personal Property Security Act ("PPSA"), and its farreaching effects on businesses and commercial interests. Since the PPSA's inception in January 2012, the legal community has been waiting for a court decision to assist in interpreting its operation, especially transitional provisions and migrated security interests. The NSW Supreme Court...
Landlords and the PPSR – are you protected?
Business Law
The Personal Property and Securities Act 2009 (PPSA) came into effect on 30 January 2012 and has changed the way in which security interests in personal property are dealt with in Australia. Now all security interests, including contracts for the supply of goods, commercial equipment leasing agreements, hire purchase or lease finance arrangements and bailment agreements can be registered on...
PMSI’s and Transitional Security Interests on the PPSR
Business Law
Since 30 January 2012 if goods are supplied to a business (grantor)on credit, or financed, the supplier/financier must register their interest on the Personal Property Securities Register (PPSR). A common form of registration on the PPSR is a Purchase Money Security Interest (PMSI). A supplier can register a PMSI on the PPSR when a supplier: * finances the acquisition of...