Could this happen to you … or a colleague?

A practitioner saw a man and his companion as “walk-in clients”.  The man introduced his companion as his wife.  They asked the practitioner to witness the signing of loan documents and to provide solicitor’s certificates. The practitioner asked the new clients to produce identification.  The man produced his driver’s licence and the practitioner had a […]

PPS Act and the three little pigs

It took the three little pigs three goes to get it right. Practitioners on the other hand may have only one chance to get it right when it comes to making sure clients know about the end of the transition period under the Personal Property Securities Act 2009 (PPS Act). The PPS Act transition period […]

The Best Band in Australia

Most of us would know the difference between a punk rock band, like The Clash, and a hard rock band such as AC/DC. But did you know LPLC has 4 bands? All LPLC firms are risk rated by reference to the cost of their claims and the amount of premium they have paid. The risk […]

Congestion Levy, Adjustments and Section 32 Statements

The Congestion Levy Act 2005 (Vic) (‘the Act’) commenced on 1 January 2006.  The main purpose of this Act is to impose a levy on off street parking used for commercial gain and located in the Central Business District and inner Melbourne. The levy is set to increase in 2014 to $1,300 (up from $930). […]

There’s no guarantee

The case of Bank of Western Australia Ltd v Abdul & Anor [2012] VSC 222 (Abdul) is a timely reminder of what practitioners acting for lenders need to know to help their clients avoid an Amadio type claim. It is clear from the decision in Abdul that a lender must satisfy itself that a guarantor […]