The recent NSW Supreme Court decision In the matter of Assta Labels Pty Ltd  NSWSC 1094 illustrates the consequences of incorrectly registering a security interest on the PPSR.
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)  NSWSC 21 highlights the importance of correctly registering a security interest on the Personal Property Securities Register.