The Personal Property Securities Act 2009 (Cth) (PPSA) applies to security interests in personal property including, but not limited to:
Australia, Banking, Company & Commercial, Insolvency & Restructuring, Johnson Winter Slattery, Personal property, Corporations Act 2001 (Australia)
The New South Wales Supreme Court has found that a secured party cannot rely on its own mistake when registering on the Personal Property Securities Register (PPSR) to claim that the defective registration “temporarily perfects” its security interest.
The facts
Australia, New South Wales, Capital Markets, Insolvency & Restructuring, Litigation, Johnson Winter Slattery, Security (finance), Personal property