What do you do if you, or your company has been given a charge over your, or the company’s, assets and that charge has been registered on the Personal Property Securities Register, the loan has then been repaid but the lender either neglects or refuses to provide a release of that registration? In recent proceedings […]
Many business owners do not realise that when they supply goods or services to customers and provide a timeframe for payment of those goods or services (for example 30 days) – they are actually offering credit. Like any business offering credit it is important to secure your position as best you can and one excellent […]
Purchasing a car is one of the largest financial transactions a person will make in their lifetime. But there are significant risks associated with buying a vehicle, especially if you are purchasing a used car from a private seller. The main risk when buying privately is that the car may have finance owing on it. […]
If you own property that you regularly lease to another company, does it remain your property and not the property of the lessee? Common sense might say it’s the lessor’s property, but the Courts may not agree, as a recent case demonstrates writes partner DEAN FRITH about how the Courts are applyingthe Personal Property and […]
The Personal Property and Securities Register (PPSR) has been in force for close to two years but farmers and other rural stakeholders may not be aware of the consequences that the register has on agribusiness, writes commercial lawyer DEAN FRITH.
New case highlights need to register security interests on the Personal Property Securities Register
A recent Supreme Court of NSW decision is providing guidance on the Personal Property Securities Register, highlighting the necessity to register security interests in property as soon as possible, especially when that property is in the possession of another party, writes partner TERRY MORGAN.
The Personal Property Securities Register overhauls the legal framework for taking security interests over personal property, and consolidates over 70 pre-existing state and territory-based registers. If you are a landlord, builder, developer or are otherwise involved in real property transactions, it is vital that you obtain legal advice to ensure that your personal property rights […]