PPSR Update: Serial Numbered Property

Mar 6, 2017

If a party provides, as security, collateral that is serial numbered (for example, a motor vehicle) the Personal Property Securities Register (PPSR) provides the secured party the opportunity to identify that collateral by its serial number. We have previously...

Termination of winding up revisited

Feb 27, 2017

In the recent decision of In the matter of The Wills Group Pty Limited (in liquidation) [2016] NSWSC 1907, the Supreme Court of New South Wales ordered that the winding up of The Wills Group Pty Limited (in liquidation) (Company) be terminated in circumstances where...

Historical security interests on the PPS....

Feb 16, 2017

The Personal Property Securities Register (PPSR) is the single national register of security interests in personal property. As set out in our article ‘Seek and you shall find: Pro Tips for an Effective PPSR Search’, there are a number of different searches you can...

Consequences of failing to maintain a co....

Feb 13, 2017

In the recent decision of In the matter of Swan Services Pty Limited (in liquidation) [2016] NSWSC 1724 the Supreme Court of New South Wales re-affirmed the circumstances in which a company’s failure to maintain books and records will invoke a presumption of...

Describing the collateral in your PPSR r....

Jan 30, 2017

When registering a security interest on the Personal Property Securities Register (PPSR), a user may be given the option to enter a description of the collateral over which security interest is taken. Whilst it is necessary to enter a description of excepted property...