[Glenn J]

CORPORATIONS ACT 2001 – SECT 601RAD
Meaning of person with a proper interest

(1) (c) in the case of the estate of a deceased person:
(i) if the person died testate–a beneficiary under the person’s will

(d) in the case of any other trust:

(i) the settlor, or one of the settlors, of the trust; or

(ii) a person who, under the terms of the trust, has power to appoint or remove a trustee of the trust or to vary (or cause to be varied) any of the terms of the trust; or

(iii) a beneficiary of the trust;

It is also a Federal Act, so it can be used in every state in Australia

• This topic was modified 2 years, 2 months ago by Glenn J.

[Jaebin]

Can also be done by deed, no need to mention a term so to speak, “it is my will that…”.

Also in PPSA 2009, a priority holder/purchaser is mentioned in sections 70 and 72, I prefer section 72. That is the equivalent I believe. But I dont think it is essential to quote, see my post in a new Victorian topic.

[Victor]

Good Find Glenn, I have put that in my notes
regards Victor J

[Paul]

So Glenn are you saying that the corporations act there we can use with our adverse claim? is that what you would use that part for?

[Paul]

So “priority purchaser” perhaps?

[Jaebin]

even better… “Paramount priority purchaser with bona fide claim of right & possessor with priority control in perfected security interest; me”

[Jaebin]

Equity of redemption; paramount bona fide claim of right; Successive transfer of security interest by assignment to new debtor;
for accession of goods, title and rights by advance to sole beneficiary [priority purchaser];
accepted for value; by priority purchaser, settlor: Jaebin

[private citizen]

in usA we send in a birth certificate ,Trust Transfer Grant Deeds ahead of time making them the receiver/trustee and we are the surety/subrogee/settlor … wear many hats

• This reply was modified 2 years, 1 month ago by private citizen.

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