Beware of unfair general security terms when dealing with SMEs
Small businesses should review general security clauses in their standard contracts to avoid findings of unfair, void or unenforceable contracts.
Relief for Australian hire industry but ‘PPS lease’ trap remains
The Personal Property Securities (PPS Leases) Amendment Act 2017 (Cth) commenced on 20 May 2017. By OLIVER SHTEIN.
Getting the numbers right: the hidden traps of the PPSA
The NSW Supreme Court awarded $23 million for a security interest because PPSR registrations were made against the grantor’s ABN and not its ACN. By…
The brave new world of the PPSA: what it means for farmers
Rural practitioners may find that harvest is the right time to remind clients of their potentially improved position under the Personal Property Securities Act 2009. By…
Forging guidance on PPSA leases
The recent decision of Forge Group Power Pty Ltd (in liquidation) (receivers and managers appointed) v General Electric International Inc [2016] NSWSC 52 provides useful…
Personal property securities and a receiver’s lien: rare coins and bank notes in Re Arcabi
The case confirms what many legal advisors have expected – that businesses like those offering storage services, including businesses storing furniture for travellers, old and…