Tag Archives: lending

Hip hip hooray, PPSR! But it may be time to renew your PPSR registration

The Personal Property Securities Register (PPSR), established on 30 January 2012, has celebrated its seventh birthday.

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To stay or not to stay? Proposed exclusions from the ‘ipso facto’ reform

The Australian Government Treasury (Treasury) has released the long awaited exposure drafts and explanatory statements in respect of the types of arrangements that are to be excluded from the moratorium (or ‘stay’) on reliance by solvent counterparties on ‘ipso facto’ clauses (ipso facto reform). Public consultation in respect of the proposed exclusions is open until 11 May 2018.

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ABA responds: Big reforms for small business lending are on their way

On 28 March 2017 the Australian Bankers’ Association (ABA) released its response to Mr Phil Khoury’s independent review of the Code of Banking Practice (Code) issued on 20 February 2017 (Khoury Report). The Code applies to personal and small business bank customers and sets out the banking industry’s key commitments and obligations to customers on standards of practice, disclosure and principles of conduct for their banking services. Our update on the Khoury Report is available here.

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