Rent incurred during the administration period has priority over other unsecured debts - recent decision of the Federal Court of Australia

Rent incurred during the administration period has priority over other unsecured debts - recent decision of the Federal Court of Australia

In what was a welcome decision for landlords in the current climate, the Federal Court of Australia recently ruled that rent was an expense “properly incurred” by the Administrators and accordingly given priority over other unsecured debts by virtue of s.556(1) of the Corporations Act 2001 (Cth) (Act).

MISLEADING AND DECEPTIVE CONDUCT IN CONSUMER ADVERTISING

Australian consumer law protects consumers from being misled or deceived about the goods and services they buy. It is important that businesses are aware of these laws and that they ensure the messages they communicate to customers about their products and services through advertising are accurate and honest.

HOW SOLID IS YOUR PPSR SECURITY REALLY?

The Personal Properties Securities Register (PPSR) is an online national register where individuals and businesses can register security interests over personal property. However, care must be taken to ensure an effective PPSR registration.

Standard form contracts with small businesses – users beware

The Australian Competition and Consumer Commission has provided protection for small businesses from unfair contract terms in business-to-business standard form contracts. Find out what types of clauses have been affected by the changes and are likely to raise concerns under the unfair contract terms law.