The Personal Property Securities Act 2009 (Commonwealth) ('PPS Act') came into full effect in May 2011. This Act introduced what are described as 'personal property securities' and replaced some 70 existing acts and 40 registers for various kinds of securities with one act and register. Mark Hamilton of Grope Hamilton Lawyers reports.This had a significant effect on retention of title clauses in the wine sector in relation to such things as the sale of finished product under simple invoices or distribution agreements and the sale of bulk wine or grapes.
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机译:2009年5月(英联邦)的个人财产证券法案('PPS法案')于2011年5月全面效果。该法案介绍了被称为“个人财产证券”的行为,并更换了大约70个现有行为和40个用于各种证券的寄存器 一个行为和注册。 Mark Hamilton Grope Hamilton律师的报道。这对葡萄酒部门的销量条款持有了重大影响,与简单发票或分销协议的成品销售和销售散装葡萄酒或葡萄销售。
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