Essential Personal Property Securities Law in Australia

Description

The use of personal property as security for credit is a large and essential aspect to Australia's economy. The law which underpins this is undergoing a major overhaul. Essential Personal Property Securities in Australia will assist you in navigating this watershed legal development.

The Personal Property Securities (PPS) reforms will not only rationalise most laws and registers governing personal property securities, they will also introduce major substantive changes to the current law which will be particularly important for creditors, equipment lessors, consignors and other retention of title suppliers, purchasers of accounts receivable and insolvency practitioners.

With a comprehensive background and overview by Craig Wappett, followed by a print out of essential PPS legislation, regulations and explanatory memorandums, this text is an indispensable reference for anyone affected by these changes.

Table of Contents

Overview and Background to the PPSA
Personal Property Securities Act 2009
Personal Property Securities Regulations 2010
Personal Property Securities Bill 2009 - Replacement Explanatory Memorandum
Personal Property Securities (Consequential Amendments) Bill 2009 - Explanatory Memorandum
Personal Property Securities (Corporations and Other Amendments) Bill 2010 - Explanatory Memorandum
Personal Property Securities (Corporations and Other Amendments) Bill 2011 - Explanatory Memorandum
Personal Property Securities Regulations 2010 - Explanatory Statement

Author/Contributor

Craig Wappett

He is a partner at Piper Alderman. His principal areas of expertise are finance, securities and insolvency law. Craig has been a member of the Attorney General's Consultative Committee for the PPS reforms and has had long term involvement with various PPS reform initiatives since the early 1990s, including preparation of the so-called "Bond Bill" with the late Professor David Allan. He has had first-hand experience working with the Canadian and New Zealand PPS legislation and has written and presented extensively on this area of law.

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