Debt & Timing: The Intersection between Security of Payment Act and th – Leo Cussen Centre for Law

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Debt & Timing: The Intersection between Security of Payment Act and the Corporations Act

Debt & Timing: The Intersection between Security of Payment Act and the Corporations Act

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While each State and Territory in Australia has their own unique Security of Payment Act, both Victoria and New South Wales Acts allows for the creation of a statutory debt. However, when the question arises around the timing of when a statutory debt is created, this can create potential conflict with the Corporations Act, debts, and voluntary administration timing.

This seminar will discuss these issues including: 

  • Security of Payment Act’s and their jurisdictions.
  • Statutory debt in Victoria and New South Wales.
  • Intersection between Security of Payment Act and Corporations Act when dealing with statutory debts.
  • Recent case update.