Personal Property Securities Act 2010 (No. 33 of 2010).

An Act to facilitate business and consumer credit by providing rules on attachment, priority, publicity and enforcement of security interests in personal property, and related matters.

https://www.fao.org/faolex/results/details/en/c/LEX-FAOC110170

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Resource Language

English

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LEX-FAOC110170

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This Act makes provision with respect to: all transactions where the effect is to secure an obligation with collateral, including pledge, hire-purchase, conditional sale, company charge, chattel mortgage, assignment, and the like; (b) the sale of accounts and chattel paper; (c) consignments; (d) the lease of goods for a period greater than one year; (e) a security interest in a building or other improvement to real property, and to the rental of a building or other improvement to real property for a period greater than one year; and (f) the interest of a lien holder in collateral. The Act concerns, among other things, establishment, registration and execution of a security interest. Goods shall be include quipment, inventory, farm products or consumer goods at the time that a security interest attaches to the goods. “farm products” means goods produced or to be produced by a debtor engaged in farming, other than timber.

Implemented by: Personal Property Securities Regulations 2011. (2011)

Legislation