Affixation not enough to constitute a fixture

In Power Rental Op Co Australia, LLC v Forge Group Power Pty Ltd (in liq) (receivers and managers appointed) the New South Wales Court of Appeal recently considered the 'fixtures' exclusion in Australia's Personal Property Securities Act (PPSA).

Power Rental agreed to lease turbines to Forge Group for two years.  Shortly after the lease began, Forge Group entered voluntary administration.

Filed under:
Australia, New South Wales, Banking, Insolvency & Restructuring, Litigation, Buddle Findlay, Unsecured creditor
Authors:
Peter Niven , Matthew Triggs , Bridie McKinnon , David Perry , Myles O'Brien , Willie Palmer , Scott Abel , Scott Barker , Kelly Paterson , David Broadmore , Jan Etwell , Susan Rowe
Location:
Australia
Firm:
Buddle Findlay