Posts Categorized: Personal Property and Security Act

First major case to consider PPSA priority rules

Posted by - & filed under Personal Property and Security Act, Priority rules.

The first big decision on the PPSA dealing with the PPSA priority rules between a registered security interest and an unregistered interest has been handed down. In Maiden Civil v QES [2013] the NSW Supreme Court found that a registered security interest had priority over an unregistered interest, even though the unregistered interest was that of the owner….