In February 2020 I delivered a now annual seminar providing an update on recent PPSA developments at the Leo Cussen Institute. The seminar covered three interesting recent cases:
Bluewaters Power 1 Pty Ltd v The Griffin Coal Mining Company Pty Ltd
[2019] WASC 438 (Bluewaters)
BMW Australia Finance Limited v @Civic Park Medical Centre Pty Ltd as trustee for @Civic Park Medical Centre Unit Trust [2019] FCA 999 (Civic Park)
In the matter of Beechworth Land Estates Pty Ltd (admins apptd) and Griffith Estates Pty Ltd (admins apptd); Cussen and of Beechworth Land Estates Pty Ltd v Douglas Estate Holdings Pty Ltd and Others [2019] NSWSC 1129 (Beechworth)
Topics covered in the seminar included:
- the breadth of a “security interest”: do step-in rights require registration on the PPSR? The decision in Bluewaters;
- PMSIs – traps where the debtor is the trustee of a trust: extension of time to register in the decision in Civic Park;
- Administrators’ Lien over interests in land and proceeds of its sale: the decision in Beechworth;
- Inventory security: issues of priority and vesting in relation to processing raw materials
A copy of the paper is attached at the following link:
Mark McKillop Barrister 