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ARTICLE · 24 JULY 2008

Personal Property Securities Bill 2008

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On 16 May 2008, the Federal Attorney-General McClelland released a draft of a Commonwealth Bill for personal property securities (“PPS”) to replace over 70 pieces of Commonwealth, State and Territory law.

AustraliaFinance and Banking
Andrew Hudson
Andrew Hudson
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Draft Of Commonwealth Bill For Personal Property Securities To Replace Over 70 Pieces Of Commonwealth, State And Territory Law

On 16 May 2008, the Federal Attorney-General McClelland released a draft of a Commonwealth Bill for personal property securities ("PPS") to replace over 70 pieces of Commonwealth, State and Territory law.

The Personal Property Securities Bill 2008 ("PPS Bill") includes provisions relating to:

  • the creation of valid security interests in personal property and priority of competing security interests in personal property;

  • when a person acquires personal property free of a security interest; and

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