What is the PPSR? The Personal Property Securities Register, more commonly referred to by the acronym “PPSR”, is where parties can register their security interest in personal property in order to …
PPSA
A company recently forfeited $23 million worth of leased equipment under the Personal Property Security Act. Are the registrations of your security interests effective?
In the case of OneSteel Manufacturing (OneSteel) (Administrators Appointed) [2017] NSWSC 21, a commercial lessor, Alleasing Pty Ltd (Alleasing), forfeited ownership of their leased equipment valued at …
PPS Lease: When is an Owner not an Owner?
Previously, a lessor’s ownership of goods leased was enough to successfully assert a superior right to those leased goods, when a lessee’s creditors came knocking on the door. However, under the PPSA …
[Read more...] about PPS Lease: When is an Owner not an Owner?