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The new Australian Personal Property Securities Act: aviation finance issues
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A major reform of personal property securities in Australia began on 30 January
2012, and the current law and practice in Australia relating to security interests
over personal property (ie most property other than land) will change.
The reforms affect a wide range of services and businesses in a broad range of
sectors, including, in particular, the banking and finance sectors, together with
sectors not previously subject to security registration regimes.
In addition, the reforms have specific implications for particular industry groups,
including the aircraft finance and leasing industries.
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