Australian Personal Property Securities Law
Book information
Description
This 4th edition has been written with the proposed amendments to the Personal Property Securities Act specifically in mind. The main focus of the text is on the legislation as it currently stands, but a new section has been added at the end of each chapter providing a critical analysis of the main reforms relevant to the chapter. These include:removal of chattel paper as a class of personal property in its own rightthe proposed new distinction between ‘individual” and “body corporate” grantors for registration purposesthe proposed new collateral description requirements for both security agreements and registrationsclarification of the attachment requirements in their application to retention of title and other arrangementsthe proposed reforms of the provisions governing investment instruments and intermediated securitiesthe proposed new registration amendment demand procedurethe proposed changes to the PMSI definition and the PMSI priority rulesthe proposed exclusion from PPSA, Ch 4 (enforcement) of transactions to which the NCC appliesFeaturesEach chapter has been substantially updated to include a critical analysis of the proposed statutory reforms, discussion of recent cases and revised analysis in areas, such as: transfers of collateralthe meaning of ‘serial-numbered collateral’the distinction between a security and outright transfer of accountsseizure (repossession) of collateralCorporations Act, s.588FL
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