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The latest Part of the Journal of Banking and Finance Law and Practice includes the following articles: “Challenges for Regulatory Reform in the Finance Sector: Learnings from the Last Decade” – Alice Klettner; “Rights in Collateral under the PPSA: Rebutting the Minimalist Approach” – Craig Wappett and Anthony Duggan; and “The Evolution and Consolidation of External Dispute Resolution Schemes in the Financial Sector: From the Banking Ombudsman to the Australian Financial Complaints Authority” – Ian Ramsay and Miranda Webster. Also in this Part are the following Sections: Banking Law and Banking Practice; Insolvency Law and Management; New Zealand; and Tokyo.
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.