CAFBA PPS Case Study – Serial Numbered Goods
28 August 2020
Recent CAFBA Bulletins have dealt with case studies involving a motor vehicle, describing it as a type of ‘serial numbered good’, as it is generally described in the context of the Personal Property Securities Act 2009 (PPSA), although the Act does not define that term. However, under the PPSA, not all goods with a serial number are, or can be, registered as serial numbered goods. This Bulletin deals with what are serial numbered goods and some key implications of that concept arising from registering on, and searching of, the Personal Property Securities Register (PPSR).