The perils of tardy PPSR registration: Pozzebon (Trustee) v Australian Gaming and Entertainment Ltd
Lovell, Martin Howard
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The recent decision of Pozzebon (Trustee) v Australian Gaming and Entertainment Ltd1 serves as a cautionary tale to secured lenders. It illustrates how a failure to register a security interest on the Personal Property Securities Register (PPSR) within 20 business days of execution may have dire consequences, rendering the security worthless if the corporate security provider enters external administration.
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