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Australia
vestingpersonal property securities
KJ Renfrey Nominees Pty Ltd v OneSteel Manufacturing Pty Ltd
KJ Renfrey Nominees Pty Ltd v OneSteel Manufacturing Pty Ltd [2017] FCA 325; (2017) 120 ACSR 117
Key Principle
A PPSA security interest that is granted before but registered after the 'critical time' (the start of administration or winding up) is caught by s 588FL of the Corporations Act and vests in the grantor company unless the Court extends the registration time under s 588FM.
Area of Law
General
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