Statutory review of the PPS Act - Consultation paper 2

Released ​3 October 2014, submissions closed 14 November 2014​.

Statutory review of the Personal Property Securities Act 2009

The second of a series of consultation papers for the Statutory review of the Personal Property Securities Act 2009.

This consultation paper considers issues regarding

• the creation and perfection of security interests
• the taking free rules
• the priority rules
• other dealings in collateral.

This paper does not address questions that relate to the Register, even though the Register plays a key role in the perfection of security interests. The Register will be the subject of a later paper.