Breach of General Security Agreements:

Securities over personal property has been overhauled in the last few years to be harmonised as a single federal system as set out in the Personal Property Securities Act 2009 (Cth) (the ‘PPSA’). The PPSA now generally controls the operation and terms of Security Agreements.

At Navado, we have experience in relation to a diverse range of security agreements, and may be able to assist you whether the security in question is personal property or land. If your dispute relating to land has arisen as a result of an unregistered interest, there may be rights available to you within equity to assist you in realising your claim. If your interest has been registered, then we may be able to assist you by working through the agreement in place and assessing your best cause of action. If you are coming to us to prepare your agreement, we have experience in drawing up agreements and completing the registration process.

If the security is personal property then the terms of the PPSA may apply. At Navado we have experience in relation to the PPSA and may be able to advise you of your rights and obligation in relation to your security, especially in consideration of the modifications that the PPSA imposes in shifting away from the “crystallisation” of Floating Securities to that of the agreement. With a mind to the development of the PPSA from the common law, Navado has the experience to offer a thorough and well considered advice if retained.

If you require assistance with a dispute about a General Security Agreement, we recommend that you contact our firm and arrange an appointment to see one of our Property & Personal Property Dispute Solicitors. To book, please call (02) 9233 4048 or send an email to info@navado.com.au. 

This webpage (and any material or wording appearing on this webpage) is provided for general information purposes only and does not constitute any Legal Advice. It does not take into account your objectives, your instructions or all of the relevant facts and/or circumstances. Navado accepts no responsibility to any person who relies on the information provided on this website. We further refer you to our Disclaimer.