Legal Updates

Insolvency, Credit Management and Debt Recovery

Failing to make PPSA registration costs landlord $460,000!

The decision of Flown Pty Ltd v Goldrange Pty Ltd [2016] WASC 419, handed down just prior to Christmas last year, provides a powerful lesson to businesses that take security over goods which are held by a customer and do not perfect that security interest by registering on the Personal Property Securities Register (PPSR). Upon…

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First definitive PPSA case shows “true ownership” is not relevant

A recent Court decision confirms that title can be irrelevant under the Personal Properties Securities Act (PPSA). The first case to substantially consider the application of the PPSA has resulted in the owner of goods losing out. The proceedings involved competing claims to three construction vehicles in the Northern Territory. The Facts Queensland Excavation Services…

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