25 April 2009

Octaviar Ltd: Unsettling Implications

The recent Queensland Supreme Court decision in Re Octaviar Ltd; Re Octaviar Administration Pty Ltd suggests that any variation which increases the underlying debt or liabilities secured by a registered charge (other than an ‘all moneys’ charge) must be notified to the Australian Securities and Investments Commission (ASIC) under s 268(2) of the Corporations Act 2001 (Cth), irrespective of whether the charge instrument itself is amended. For the full version of the article see the PDF at the bottom of this page. Media contacts: Peter Slattery, Managing Partner Phone. +61 8 8239 7114 Mobile. +61 419 819 348 Email. peter.slattery@jws.com.au

Download: Octaviar Ltd Unsettling Implications for secured financings BFB April 09.pdf (98 Kb)

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