The Personal Property Security Act facilitates the registration and regulation of personal property security interests. The Personal Property Securities Register (PPSR) is the national scheme that provides for the registration of security interests.
Generally, a security interest must have ‘attached’ to collateral in order for the security interest to be enforceable against the grantor. Attachment is similar to the concept of the creation of legally binding relations. A security interest attaches to collateral if the grantor has rights in the collateral and accepts money or does some other act by which the security interest arises. A security agreement must generally be in writing and signed by the grantor to be enforceable against a person other than the grantor (such as another secured party). Other obligations may also exist in order for a security interest to be registered and be enforceable.
At Navado, we may be able to assist you if a dispute arises in relation to a PPSR, whether you are of the opinion that an interest has been registered incorrectly, or whether you seek to enforce a security which has been registered. If you require assistance with a Property and Personal Property Disputes matter, 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 us on (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.
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