General security deed
|Author(s) :||Nino di Bartolomeo; Helen Fielder|
|Short Description :||This is a detailed general security agreement precedent for the granting of a security interest over all of the Grantor?s personal property.|
|Format :||Word document delivered by email
Page length: 49
|Published :||May, 2012|
The precedent has been prepared following the introduction of the reforms under the Personal Property Securities Act 2009 (PPSA) and takes into account the requirements under this Act.
Related security agreements
For precedents dealing with the granting of a security interest over specific types of personal property, see the precedent documents Specific security agreement (various collateral) and Specific security agreement (marketable securities).
• Specific security deed (various collateral)
• Specific security agreement (marketable securities)
• Deed of full release and undertaking for PPSA registered security interests (with guidance notes)
• Deed of partial release for PPSA registered security interests (with guidance notes)
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This precedent is also available via subscription to the Australian Encyclopaedia of Forms and Precedents.
1. Definitions and interpretation
3. Grantor must pay Secured Money
4. Grantor must pay interest
5. Dealing with Collateral
6. Representations and warranties
8. Designated Account
10. Collection and transfer of Collateral
11. Enforcement (Rights of Secured Party following default)
12. Exclusion of notice or time period
14. Exercise of default rights
15. Application of money
16. Third party dealings
17. Preservation of rights
18. Costs and expenses
19. Other indemnities
20. Assignments and transfers
21. Set off (Secured Party may set off obligation)
23. Partial invalidity
24. Remedies and waivers
25. Amendments and waivers
29. Further assurances
31. Waiver and exercise of rights
33. Sovereign immunity
34. Governing law and jurisdiction
36. Execution by attorney
37. Specific provisions relating to Trusts
38. Specific provisions relating to partnerships
Schedule 1 - Details
Schedule 2 - Serial Numbered Collateral
Nino di Bartolomeo
Nino Di Bartolomeo is a banking and finance lawyer based in Sydney. He is a partner and national head of corporate and institutional finance at Norton Rose. He has global and local expertise in project and structured finance, corporate finance, international finance, commercial, property, asset and construction finance and derivatives work.
Helen Fielder has worked as a lawyer in both banking and corporate with top legal firms in Australia. She is currently a knowledge and precedents lawyer working in the banking and finance team of Norton Rose in Sydney.