Oops! It’s happened again! Don’t make this mistake with the PPSA

The serious consequences that follow a failure to comply with the Personal Property Securities Act 2009 (Cth) (PPSA) were highlighted in the recent decision of Ward CJ in Eq of the Supreme Court of New South Wales in Psyche Holdings Pty Limited [2018] NSWSC 1254 (Psyche Case).

The Psyche Case is another reminder of:

Filed under:
Australia, Insolvency & Restructuring, Litigation, Brown Wright Stein Lawyers, New South Wales Supreme Court
Authors:
Charles Cheah , Suzanne Howari
Location:
Australia
Firm:
Brown Wright Stein Lawyers
Change is here for “PPS Leases” under the PPSA

On 19 May 2017, the PersonalProperty Securities Amendment (PPS Leases) Act 2017 (Cth) (Amendment Act) received Royal Assent and is now effective. The Amendment Act has changed the definition of a "PPS Lease" (PPS Lease) under the Personal Property Securities Act 2009 (Cth) (PPSA).

Filed under:
Australia, Banking, Company & Commercial, Insolvency & Restructuring, Brown Wright Stein Lawyers, Personal property
Authors:
Chris Wilkinson , Charles Cheah , Suzanne Howari
Location:
Australia
Firm:
Brown Wright Stein Lawyers