Your insurer goes bust - can you as an insured claim the reinsurance proceeds? Amaca Pty Ltd v McGrath & Anor as liquidators of HIH Underwriting and Insurance (Australia) Pty Ltd [2011] NSWSC 90 gives useful guidance
3 Mar 2011
Mortgagees in Queensland exercising their power of sale will be required to comply with new rules following the passage of the Property Law (Mortgagor Protection) Amendment Act 2008 last week. In particular, the provisions dealing with a mortgagee's duty to take reasonable care to ensure the property is sold at market value have been strengthened.
10 Dec 2008
Queensland mortgagees may now be guided by new practice Guidelines released by the Department of Natural Resources and Mines on 1 February 2006 as to what constitutes "reasonable steps" under the Natural Resources and Other Legislation Amendment Act 2005 ("Act") when verifying the identity of a mortgagor.
6 Feb 2006
Mortgagees in Queensland are now required to take "reasonable steps" to verify the identity of the mortgagor signing the mortgage document.
6 Dec 2005
Secured creditors may have to take a back seat to employees of insolvent companies.
8 Jul 2005
