How to manage contracts for provision of goods and services

Here we give you our Top 5 pointers on how to manage contracts, whether you are the person or organisation contracting to receive them, or are the deliverer of them.

Personal Property Securities Register- relevant for all suppliers

The PPSA (Personal Property Securities Act 2012) was introduced on 30 January 2012. It combines more than 70 or so Commonwealth, State and Territory Acts into a single, national law which, amongst other things, governs the taking and granting of security over personal property. Personal property includes all forms of tangible property (e.g. goods) and intangible property (e.g. trademarks and licenses) and so its effects are wide reaching and affect all Australian businesses in some way.

Read more about this topic here.

What is meant by estate planning?

An estate plan includes your will as well as any other directions on how you want your assets distributed after your death. It also includes documents that govern how you will be cared for, medically and financially, if you become unable to make your own decisions in the future.

Read more about estate planning here.

LinkedIn Survey

We recently conducted a LinkedIn Survey asking  individuals how long ago they had last updated their Wills. 

The results are as follows:

Nearly 50% of respondents either did not have a Will or last reviewed it more than 10 years ago. Wills should be reviewed every five years or sooner, if there is a major change to your life or assets. 

If you require help with your estate planning contact us on 07 5536 3055. 

Binding Financial Agreement or Consent Orders?

There are two ways for separating couples to legally finalise their property settlement (without resorting to suing each other):

  1. Binding financial agreement; or
  2. Consent orders.

Both methods involve the parties reaching a negotiated settlement as to the distribution of their assets, however there are a number of differences in respect to how they are implemented and enforced.

Read more about this topic here.

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