What is the PPSA?

Background to PPSA
The Personal Property Securities Act, commonly called the PPSA, now regulates personal property security interests in Australia. Before its implementation in 2009 there were over 70 pieces of legislation throughout the federal and state governments which determined the rights of creditors and debtors. The myriad of legislation led to inconsistencies between the states as to how security interests would be created and enforced.

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