PPSR

Pozzebon v Australian Gaming and Entertainment (in liq) [2014] FCA 1034

An SMSF lender whose security interest in the corporate borrower’s personal property was not registered on the PPSR for five months after being entered into lost the charge upon liquidation. The lender registered its security interest well after the 20 day requirement. The borrower suffered an insolvency event within six months of registration of the …

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SFS Projects v Registrar of Personal Property Securities [2014] FCA 846

A holder of three security interests registered on the PPSR assigned those interests. However, the form the parties sent to the Registrar mistakenly requests that the interests be released, rather than merely record the registration. Accordingly, the interests were released. The assignee sought orders compelling the Registrar to restore the registrations pursuant to s186 of …

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