Priorities in general under the PPS Act

The PPS Act provides for a priority regime applicable to a competition between two or more security interests. Division 3 of Pt 2.6 of the PPS Act outlines the rules governing the priority of security interests.

This guidance note is designed to be a good starting point for legal practitioners who need to advise generally on priority where there is a competition between security interests by covering the likely, common scenarios. The key concepts that are explored include the “default” priority rules, perfection of security interests.

See Priorities in general under the PPS Act.