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1 Found helpful • 16 Pages • Topic Notes • Year: Pre-2021 • Previously uploaded under: 200814 - Commercial Transactions Law
Applicability of the Personal Property Securities Act 2009 (Cth) – security interests Section 12 Meaning of security interest Section 19 Enforceability of security interests against grantors--attachment Section 20 Enforceability of security interests against third parties Section 21 Perfection--main rule PPSA exclusions from the general concept of security interest Section 8 PPSA extensions to the general concept of security interest - commercial consignment Section 12 Factors (Mercantile Agents) Act 1923 (NSW) Section 3 PPSA extensions to the general concept of security interest – PPS lease Section 13 Purchase money security interests Section 14 Meaning of purchase money security interest PPSA Priorities Taking personal property free of unperfected security interest Section 43 Main rule Exception Taking personal property free of security interest if serial number incorrect or missing Section 44 12 Main rule 12 Exceptions 12 Taking motor vehicles free of security interest 12 Section 45 Incorrect or missing serial number Taking from prescribed persons Taking personal property free of security interest in ordinary course of business Section 46 Main rule Exceptions Taking personal, domestic or household property free of security interest Section 47 Main rule Exceptions Default priority rules Section 55 Priority between unperfected security interests Perfected security interest has priority over unperfected security interest Priority for perfection in other ways Meaning of PPS lease Section 13
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