Personal Property Security Act

Our client had been engaged as a contractor on a project in Sydney. The developer had failed to make the due payments and our client had refused to continue working until the outstanding debt had been cleared. Clearly short of funds, the developer had proposed a personal guarantee instead. In lieu of the inadequate form proposed by the developer, we prepared a bespoke form of guarantee that better protected our client’s interests, including in respect of the Personal Property Security Act 2009. Separately, we have advised several clients on amendments to their standard leasing and sale agreements (including on retention of title provisions) in light of the significant changes made under the Personal Property Security Act 2009.


Related Articles

Planning law update – Central built city form review – Amendment C270

Commercial Directions

The Victorian Minister for Planning announced the Government’s Built City Form Review in September 2015. At the same time, it introduced…

Continue reading

Restrictive covenants in Victoria

Commercial Directions

Can they be varied or removed? What are they? Restrictive covenants are  a tool for protecting neighbourhood character and restricting long…

Continue reading

Security of Payment: Amendments to service of notice provisions

Commercial Directions

Following the introduction of the Electronic Transactions Legislation Amendment (Government Transactions) Act 2017 (NSW), important changes have been made to the…

Continue reading