Find out what we know as we learn it. The latest news, legal developments and deals relevant to you with our expert analysis.


Bankruptcy trustee sets aside s79 final....

Justice Loughnan ordered Mrs Hicks to pay the trustee $638,217 despite finding Mrs Hicks not to be responsible for it, holding rather that ‘it is not possible to identify a just and equitable settlement of property between the husband and the wife but in my view a conservative exercise of discretion would allow to the husband sufficient property settlement to discharge the bankruptcy debts’.

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Liabilities are not assignable

Liabilities may not be assigned, although they may be novated or limit assigned rights. Attempts to transfer liabilities to phoenix companies may thus be void.

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