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Define personal property in the PPSR Act

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Reference no: EM132872414

Question - Part A -

(a) Define personal property in the PPSR Act?

(b) Define a floating charge issued by a Company?

(c) Explain how such a charge would normally be created?

(d) Describe the name the PPSR gives such a security interest?

(e) Briefly describe and explain the process of perfecting a secured creditor's interest in a floating charge issued by a registered company in Australia today.

(f) Describe and explain the potential legal consequences to a secured creditor with a valid floating charge in Australia failing to follow this process?

Part B -

(a) Identify one legal document that would contain valid evidence to assist a registered tax agent to substantiate some of a real property investor's claims for allowable deductions, depreciable items, capital costs and capital gains in relation to the acquisition or exchange and disposal of real property.

(b) What is a caveat in Torrens tile in NSW?

(c) Explain in what circumstances a person may lodge a valid caveat on Torrens Title property.

Reference no: EM132872414

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