The perils of tardy PPSR registration: Pozzebon (Trustee) v Australian Gaming and Entertainment Ltd
The perils of tardy PPSR registration: Pozzebon (Trustee) v Australian Gaming and Entertainment Ltd
Date
2014-11
Authors
Lovell, Martin Howard
Morrow, Laity
Journal Title
Journal ISSN
Volume Title
Publisher
LexisNexis
Abstract
The recent decision of Pozzebon (Trustee) v Australian Gaming and Entertainment Ltd1 serves as a cautionary tale to secured lenders. It illustrates how a failure to register a security interest on the Personal Property Securities Register (PPSR) within 20 business days of execution may have dire consequences, rendering the security worthless if the corporate security provider enters external administration.
Description
Copyright © 2014 LexisNexis. This article is made available per the publisher's Content Sharing policy.
Keywords
Pozzebon (Trustee) v Australian Gaming and Entertainment Ltd,
secured creditor,
Personal Property Securities Register (PPSR)
Citation
The perils of tardy PPSR registration: Pozzebon (Trustee) v Australian Gaming and Entertainment Ltd (2014) 15(9) INSLB 137