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Personal Property Securities Act
Australia’s personal property securities (PPS) reform has resulted in the replacement, or significant modification, of over 80 different federal, state and territory laws by way of the introduction of the Personal Property Securities Act 2009 (Cth) (PPS Act). This guidance note provides an overview of the PPS legal framework, then considers guarantees in the context of the PPS regime. It answers the question “is there a requirement to register guarantees on the PPS Register?”, and explains how a guarantee document may contain a security interest. This guidance note contains examples of PPS Act related definitions and provisions for guarantees to aid legal practitioners’ understanding of the various PPS concepts.
See Personal Property Securities Act.
