Universities procuring goods and entering into supply or
construction agreements need to understand how the Personal
Property Securities Act 2009 (Cth) (PPSA) may affect their
business practices and contracting requirements.
In this article we cover issues regarding the PPSA that were
previously raised in the 2013 and 2014 SOUL Conferences.
Confidentiality
The PPSA obliges a secured party to provide certain information
to the grantor of a security interest, a person with another
security interest in the relevant personal property or an execution
creditor with an interest in that property. The information that
may be requested by these persons includes a copy of the security
agreement, a statement of the amount or obligation secured (and the
terms of payment or performance of the obligation), approval or
correction of a list identifying personal property that is the
subject of the security interest, and approval or correction of the
obligation amount, terms of
