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.