Accidental Discharges from the PPSR

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noreply@blogger.com (Paul Miller)

Even with the best will in the world, every now and again a mistake will get made, and, in addition to the plethora of opportunities for making mistakes in lodging a registration on the PPSR, it is also quite easy to mistakenly discharge one of your registrations.  Unfortunately, unlike the

What is the doctrine of marshalling?

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noreply@blogger.com (William Stark)

In my post dated 12 April 2013 (see: https://melbournepropertylaw.blogspot.com/2013/04/are-there-any-recent-decisions-about_12.html), I discussed the doctrine of marshalling and its potential impact in modern lending law. 

Another example of the relevance of the doctrine of marshalling arose in the May 2019 Court of Appeal decision in Burness (in their capacity as trustees of the bankrupt estate

When will the registration of my security interest under the Personal Property Securities Act 2009 expire?

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noreply@blogger.com (William Stark)

The Personal Property Securities Register (“PPSR”) commenced operation on 30 January 2012. 

A large number of securities registered under that Act by financiers were for 7 years. 

As a result, there will be a significant number of registered security interests automatically expiring on 30 January 2019.

Any security holder should be reviewing their registrations

Have there been any recent updates to the Personal Property Securities Register website?

This post was originally published on this site

noreply@blogger.com (William Stark)

The Australian Financial Services Authority has updated its 9 minute power point presentation on the Personal Property Securities Act. See: https://bit.ly/2IYWNf8

The AFSA claims that this is a handy resource for PPSR practitioners to use when educating clients or new staff about the PPSR and its implications for businesses selling or hiring