Owner beware — first major PPSA decision confirms your worst fears

The first major Australian decision under the Personal Property Securities Act 2009 (PPSA) has been handed down. In Maiden Civil (P&E) Pty Ltd v Queensland Excavation Services Pty Ltd & Ors [2013] NSWSC 852, Brereton J has followed Canadian and New Zealand decisions and confirmed that the PPSA has significantly eroded the primacy of ownership in Australian law…

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