A statutory demand is a formal written request issued by a creditor to a company, demanding payment of a debt that is due and payable issued pursuant to section 459E of the Corporations Act. The debt must meet the statutory minimum requirement being $4,000.00 (as at April 2023). It is important to note that a …
Section 173 Agreements are pivotal instruments in land-use planning and development, playing a crucial role in aligning private property interests with broader community and environmental goals. Here’s an introduction and overview of Section 173 Agreements, covering their purpose, key elements, process of initiation, common provisions, and compliance mechanisms. Purpose of Section 173 Agreements Section 173 …
Contesting a will in Victoria involves several detailed steps and understanding the legal requirements and procedures is critical. Below is an outline of the process for filing a Testators Family Maintenance Claim (TFM claim) under the Administration and Probate Act 1958. Preliminary Steps 1. Obtain a Copy of the Will: Request a copy of the …
It is common practice for creditors to have security over property and one form of security is by registering a caveat on the title of land. Caveat A caveat registered on the certificate of title of land signifies to others the ranking held in the “pecking order” of those demonstrating an interest in the property. …
From 3 August 2024, all new certificate of titles from the Register for land in Victoria will be in electronic form. All existing paper certificates will remain valid until they are required for a conveyancing transaction, after which they will need to be electronic. Land transactions can be layered with complexity. If you are buying, …
Enforcing a judgment – recovery options to getting paid Obtaining a judgment in your favour is just the first step in the process of recovering what you are owed. Once a judgment debt is ordered, there are various types of enforcement available to you as creditor, to ensure that the debtor pays their debt. These …
