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What To Do With An Insolvent Corporate Trustee?

In the recent decision of Cremin, in the matter of Brimson Pty Ltd (in Liq) [2019] FCA 1023, the Federal Court provides useful guidance of what a liquidator should do when faced with an insolvent corporate trustee with a right of indemnity over trust assets. In situations where the corporate trustee ceases to be the trustee upon becoming insolvent, Brimson highlights the need to approach the Court before the liquidator is able to realise the assets of the trust to meet the company’s liabilities. The decision is one of the first since the handing down of the High Court’s findings in Carter Holt Harvey (Amerind) concerning the nature of the right of exoneration and the limit of what it can be used to indemnify.

The Cheesecake Shop Underpayment

In a recent case, the Federal Court of Australia awarded a pastry chef one of Australia’s biggest payouts for underpayment of wages. In formulating the decision, the Court took into account the franchisee’s exploitative actions along with the severe mistreatment of the employee.

MST Lawyers’ Client – Franchising Woman of the Year Finalist

By Louise Wolf, Senior Associate, MST Lawyers Louise Wolf, Senior Associate, had the pleasure of attending the 2019 FCA Vic/Tas Excellence in Franchising Awards with valued client, Natalie Bui.  Natalie is a multi-site franchisee of Quest Apartments and was a finalist for the FCA Award of Franchising Woman of the Year for Victoria and Tasmania.  MST…

Amendments to Victorian Duties and Land Taxes – The State Taxation Acts Amendment Act 2019

The introduction of new provisions into the Duties Act 2000 provides for a concessional rate of land transfer duty where there are transfers of commercial and industrial land located wholly in regional Victoria. The concession is to be gradually increased between 2019 and 2023. The new provision will be a welcome relief to those purchasing commercial property in regional Victoria.