Learn about the risks of registering on the PPSR without reasonable grounds under the Personal Property Securities Act (PPSA).
In the second half of this year there have been two cases so far where litigants have invoked the PPSA to try and recover money. In both cases, the bids were unsuccessful.
Australia’s corporate insolvency system ‘is overly complex, difficult to access, and creates unnecessary cost and confusion for both debtors and creditors’, according to a Parliamentary report released last week.
Read about the PPSA Update for June 2023
Since the Personal Property Securities Act 2009, creditors have looked to perfect their security interests by registering them on the PPSR. Here’s what you should consider when it comes to PPSA registrations.
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