A Garnishee Order is a form of enforcement action that can be used for the recovery of a court-ordered judgment debt. It can be served on a third party who owes monies to the debtor, directing that the third party pay that money to the entity that issued the Garnishee Notice, rather than the debtor.
In Central Cleaning Supplies (Aust) Pty Ltd v Elkerton  VSC 92, the Victorian Court of Appeal upheld an appeal and confirmed that a supplier was protected by the transitional provisions under the Personal Property Securities Act 2009 (Cth) (PPSA).
The matter highlights the need to review supply agreements and register any security interests under the PPSA. (more…)
This article provides a brief overview of some key provisions in the Personal Property Securities Act 2009 (Cth) (PPSA). In particular, it will cover:
- The definition of personal property under the PPSA;
- Examples of personal property;
- Questions to consider; and
- What business owners should do in response to the PPSA.