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Personal Property Securities Register: Perfecting Registration
The Personal Property Securities Register (PPSR) is a national online register. It protects parties purchasing personal property from either an individual or an entity. How can a lender perfect its registration so as to ensure protection?
OneSteel Manufacturing Pty Limited (administrators appointed) [2017] NSWSC 21 highlights the importance of correctly registering a security interest on the Personal Property Securities Register.
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Registering Security Interests on the PPSR: Precision is Key
Precision is key: Important reminder to get it right when registering security interests on the PPSR.
The recent Supreme Court of New South Wales decision of In the matter of OneSteel Manufacturing Pty Ltd (administrators appointed)[2017] NSWSC 21 reaffirms the importance of ensuring the accuracy of grantor details when registering financial statements on the Personal Property Securities Register (PPSR).
