With millions of Australians participating in them, and with the associations themselves numbering in the hundreds of thousands, unincorporated associations truly are social entities. They variously include sports clubs, charities, cultural and arts and environmental organisations, and churches. “The vast majority of Australians participate in unincorporated associations,” says Matthew Turnour in “Should Australians Have a ...more
The September issue of the Insolvency Law Journal published the following material: “Debt agreements under Australian bankruptcy law: A successful experiment?” – Mary Wyburn; “Out of the shadows? Clarifying the liability of secured creditors in workouts” – Brendan Fitzgerald; “Fruitful unfair preference actions – what’s a liquidator to do?” – Andrew Poulton; Recent Developments: “Penalties, directors’ duties and non-executive directors: Australian Securities and Investments Commission v Healey (No 2) (2011) 196 FCR 430” – Maria Nicolae and David Morrison; and Report from NZ: “Personal liability of directors for the debts of phoenix companies” – Lynne Taylor.
The last issue of the Company and Securities Law Journal for 2011 includes articles on personal liability for corporate disclosure problems and the truth about limited liability with relation to equity investors in a unit trust. There is also a Corporate insolvency section discussing shadow directors and Buzzle v Apple, and a Corporate finance section discussing mining joint ventures and the legal infrastructure of sukuk structures.