Table of Contents: Law of Credit Management
Please Note: seminar materials are checked and updated immediately before the seminar to reflect any recent changes to the relevant law. For example, before the first 2011 seminar, the material will be updated for PPSA and Privacy Act amendments.
Table of contents
Part one - introduction and key concepts
1. Introduction
1.1. Disclaimer
1.2. Business risk
1.3. Volume and importance of material
2. Programme for the day
2.1. Warm up exercise - XYZ Pty Ltd
3. Legal entities
3.1. The "john's milkbar" scenario
3.2. The main types of insolvency
3.3. Partnerships
3.3.1. Limited partnerships
3.4. Sole traders
3.5. Limited liability companies
3.6. "john's milkbar" scenario - the answer
3.7. Trusts
3.8. Unincorporated clubs
3.9. Deceased debtors
3.10. Debtors resident in other states
3.11. Debtors overseas
4. Contracts generally
4.1. Trade contracts
4.2. Consumer contracts
4.3. Capacity to contract
4.3.1. Minors' contracts
4.3.2. Persons of unsound mind
4.4. Credit applications - who are you dealing with?
Part two - "Sundry" law for creditors
5. Trade Practices Act
5.1. Collusion at credit bureaux meetings
5.2. Harassment of consumers
5.3. The leading case on deception and harassment
6. The Privacy Act made simple (and short)
6.1. Credit Reporting Code Of Conduct And Explanatory Notes
6.2. Penalties
6.3. Consumer credit reports
6.3.1. Commercial credit reports on consumers
6.3.2. Consumer credit references
6.3.3. Rejecting a credit application
6.3.4. Consumer credit reports on commercial customers
6.3.5. Guarantors
6.3.6. Using credit information to collect debts
6.3.7. Default information
6.4. Faxes
6.5. Privacy Amendment (Private Sector) Act 2000
6.6. National privacy principles
7. Consumer credit law
7.1. The National Consumer Credit Protection Act 2009 (Credit Act)
7.2. Credit licensing under the National Credit Code
7.3. Responsible lending
7.4. Credit services and credit assistance
7.5. Enhanced enforcement powers for ASIC
7.6. Who and what does the code apply to?
7.6.1. Declaration of purpose
7.7. What does the code not apply to?
7.8. Debtors rights and remedies
7.8.1. Some consumer credit code hardship scenarios - what would you do?
7.9. Creditors enforcement and remedies
7.9.1. Some hardship scenarios - answers
Part Three - Risk Reduction
8. The basics of secured transactions
8.1. Dave And Pete's Mail House Ltd exercise
8.2. Overview
8.3. Personal property securities act
8.4. Types of secured transactions
8.5. Debentures and floating charges
9. Romalpa (retention of title) clauses
10. Guarantees
10.1. Personal guarantees from directors
10.2. The legal minefield of guarantees
10.3. Bank guarantees
10.4. Guarantees vs indemnities
10.5. Australian Postal Corporation V Oliver & Ors [2006] Vsc 318 (6 September 2006)
Part Four - Civil Litigation And Insolvency
11. Making good decisions on legal action
11.1. Decisions on legal action - a checklist for creditors
11.2. The "economic collector's formula" - a rule of thumb for legal decisions
12. Legal action charts
12.1. The court structure
12.2. Collection of debts
12.3. Debt collection and insolvency exercises
13. Getting to judgment
13.1. Limitation of actions
13.2. Jurisdiction
13.3. Costs
13.4. Statement of claim
13.5. Service
13.6. Judgment by default
13.7. Acknowledgment of claim
13.8. Summary judgment
14. Winning disputes in the small claims division of the local court
14.1. A six point guide to success
14.2. Garnishee
14.3. Attachment of wages
14.4. Instalment orders (ucpr 2005 part 37)
14.5. Examination (ucpr 2005 part 38)
14.6. Execution (ucpr 2005 part 39)
14.7. Charging orders
14.8. Imprisonment
15. Bankruptcy
15.1. Test your bankruptcy knowledge
15.2. Bankruptcy: the basics
15.3. Why threaten bankruptcy?
15.4. Bankruptcy law reform
15.5. Debt agreements (part ix agreements)
15.6. Other arrangements under part x
15.7. Acts of bankruptcy
15.8. Bankruptcy offences
15.9. Protected property
15.10. Priority of payments
16. Liquidation
16.1. How to wind up a company
16.2. The pros and cons of winding up actions
16.2.1. Compromises with creditors
17. Voluntary administration
17.1. Test your knowledge of administration time frames
Seminars overview and registration: Australia / New Zealand