Rules that apply after enforcement under the PPS Act

Part 4.4 of the PPS Act contains rules about steps to be taken after a security interest in collateral has been enforced. These rules deal with:

• • the order of distribution of personal property or its proceeds;
• • the transfer of title to collateral; and
• • the redemption of collateral or the reinstatement of security agreements before disposal and when certain enforcement notices are not required.

This guidance note overviews each of these rules, and is designed to be a good starting point for legal practitioners who need to consider matters relating to enforcement under the PPS Act.

See Rules that apply after enforcement under the PPS Act.