From 2 November 2017 the time a response to related application must be filed and served in the Federal Circuit Court is extended from 14 days to 28 days: r 4.03(3). See Federal Circuit Rules 2001 for amendments to Schedule 1 – Costs.
Companies – new precedents
New precedents have been added to the publication Companies, Trusts, Partnerships and Superanuation
Put and call option agreement
Put and call option precedent for use by a private company allowing the vendor to grant the purchaser a call option over the shares and the purchaser to grant the vendor a put option over the same shares.
Company constitution
Adding to a comprehensive set of commercial incorporation tools for practitioners and their clients, the constitution is for company members who elect to use a constitution, instead of the replaceable rules to guide their internal governance.
The company constitution precedent includes the general rules governing the relationship between a company’s directors, secretary and shareholders and the activities of the company and can be easily customised to suit individual clients’ requirements.
Table of Replaceable Rules
For company members who elect to use the rules to guide their internal governance. The main advantage of the replaceable rules is that a company who uses them can ensure that they are always up to date with developments and changes in regulation.
Differences between de facto and married couples
Overall, the Family Law Act largely provides the same rights for de facto couples as for married persons. However there are differences which can make the process more arduous, complex and costly for de facto couples.
New financial agreement – Piper and Mueller
A new financial agreement was published today in order to take into account the decision in Piper and Mueller. It covers both the requirements of during a de facto relationship under Part VIIIAB (s90UC) and the subsequent marriage under Part VIIIA (s90B). There is an informative commentary to go with it.
The new precedent is titled Combined financial agreement s90UC and s90B – During de facto relationship and subsequent marriage.
Insolvency – personal bankruptcy and corporate insolvency
This publication has been updated as the result of an extensive author review, including new content discussing the recent changes introduced by the Insolvency Law Reform Act 2016.
For corporate insolvency up to date case law examples have been included.
Enhanced content on how bankruptcy proceedings are regulated in Australia and the role of creditors.
Property settlement – filing a response
From 2 November 2017 the time a response to related application must be filed and served is extended from 14 days to 28 days: subrule 4.03(3).
See Federal Circuit Rules 2001 for minor amendments to Schedule 1 – Costs.
Family law – scale costs
The itemised scale of costs contained within the family law costs agreements have been updated. 4 July 2017.
To do list for property settlement
A To do list for the Property Settlement publication was published today. This useful checklist ensures all the necessary steps are readied and prepared for.
The precedent may be found in Property Settlement, Getting the matter underway beneath the Retainer Instructions.
Businesses changing hands
The commentary was updated to include an expanded discussion about employment agreements and the handling of employee entitlements when a business changes hands.
Family law costs agreement
The family law costs agreements have been updated to reflect the new scale for itemised costs.
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