Minter Ellison Rudd Watts
Added: Feb 8, 2012
The Australian Personal Property Securities Act 2009 came into force in Australia on 20 January 2012. The legislation is modelled on the New Zealand PPSA and changes the process of taking security in Australia. Existing security arrangements may also be affected. It is important to note there are key differences. The Australian Act provides for the concept of 'control' as an additional way to perfect security over certain property...