Personal Property Securities Act 2009
The latest Part of the Australian Business Law Review includes the following articles: “Circular priority conundrums – cutting the Gordian knot” – Bruce Whittaker; “Extraterritorial application of Pt IV of the Competition and Consumer Act” – Ian B Stewart; and “Businesses are people too? Anomalies in widening the ambits of “consumer” under consumer credit law” – Franci Cantatore and Brenda Marshall. Also in this Part are the following sections: Competition Law and Market Regulation; Commercial Litigation; and Contracts and Restitution.
The latest Part of the ALJ publishes the following articles: “Legal coherence in the High Court: String theory for lawyers” – Professor Michael Gillooly; “Claimed property right does not hold water” – John R Corkill OAM; and “The consumer and the Personal Property Securities Act 2009: Does the regime protect consumers?” – Nicholas Mirzai. Also in this Part are the following sections: Current Issues, Family Law, Conveyancing and Property, Recent Cases, Book Reviews, Letter to the Editor, Overseas Law and Obituaries for Charles Comans and Jeremy Pope.
The March 2011 issue of the Journal of Banking and Finance Law and Practice contains comments and articles on the Personal Property Securities Act, home loan exit fees, cross-border insolvency laws and a variety of other financial issues relevant in Australia and overseas.
By Aidan Drinkwater. The enactment of the Personal Property Securities Act 2009 (Cth) (PPS Act) has signalled the official arrival of Art 9 of the Uniform Commercial Code (US) in Australia. The legislation will effect a dramatic change to Australia’s law of security interests which is in need of reform.