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).

Ownership of land: who really owns your land?

Despite the belief held by many landholders that they own their land absolutely including anything found above or below it, the law in Australia is not that simple. Multiple parties can have different but legally valid rights over the same land.

Finders, keepers – right?

What are your rights if you find gold in your backyard? Does the old adage “finders, keepers” apply? Find out who the law states owns the right to any discovered gold or other minerals or gemstones in Australia.

The Future of Conveyancing

Electronic settlements through Property Exchange Australia (PEXA), Australia’s online property exchange network, are transforming the property industry in Australia, making property settlements faster, safer and more efficient.

Registration of Commercial Leases in Queensland

The registration of commercial leases is handled differently in each state and territory in Australia. In Queensland, a long-term commercial lease must be registered to protect a tenant’s proprietary interests.