March 16, 2021 at 8:45 pm #3292Glenn JParticipant
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 1 year, 10 months ago by Glenn J.
March 17, 2021 at 7:50 am #3322
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.
March 24, 2021 at 7:37 pm #3749PaulParticipant
So “priority purchaser” perhaps?
March 25, 2021 at 4:51 am #3810
even better… “Paramount priority purchaser with bona fide claim of right & possessor with priority control in perfected security interest; me”
April 10, 2021 at 10:36 am #4651
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
April 10, 2021 at 11:50 am #4652
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