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    • #3292
      Glenn J
      Participant

        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, 6 months ago by Glenn J.
      • #3322
        Jaebin
        Participant

          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.

          • #3751
            Victor
            Participant

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

            • #4558
              Paul
              Participant

                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?

            • #3749
              Paul
              Participant

                So “priority purchaser” perhaps?

              • #3810
                Jaebin
                Participant

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

                • #4651
                  Jaebin
                  Participant

                    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

                  • #4652
                    private citizen
                    Participant

                      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

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