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Liquidators and Receivers – are you sure of your personal liability for CGT...
Readers Recently a controversy has developed concerning whether insolvency practitioners selling CGT assets subject to mortgage security were required to remit CGT in priority to the secured creditor....
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ATO beaten by trust liquidator in priority battle – twice!
The Commissioner of Taxation is the most common unsecured creditor in insolvent estates and often the biggest. That is not surprising since Federal tax revenues are currently about 21% of GDP. In...
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As expected: Court finds against unregistered lessor in PPSA fight
The Supreme Court of NSW has decided a PPSA priority contest against the owner of leased Caterpillar equipment, in a fight with the receivers and managers of the equipment’s insolvent lessee. The case...
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Setting aside a statutory demand – Another useful summary of the law
Last year I added a post (see http://wp.me/p1UOHK-5y) referring to a clear, brief summary of the requirements for setting aside a demand, set out in the decision in Elite Catering Equipment Pty Ltd v...
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What a difference a day makes – When does the relation back period start?
Re Weston Application; Employers Mutual Indemnity (Workers Compensation) Ltd v Omni Corporation Pty Ltd [2009] NSWSC 264 In insolvency law the calculation of precise periods of time is important....
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