Displaying 41 - 50 of 156.
A ‘commercial consignment’ is a consignment that meets additional defined criteria under the PPS Act. It is deemed to be a security interest even if it doesn’t meet the standard PPS Act definition of a security interest.
A consignment is traditionally recognised as an arrangement where a person (the consignor) delivers their property to another person (the consignee) so they can sell that property on their behalf. A consignment is considered to be a ‘commercial consignment’ if:
- the consignor still keeps an interest in the goods that they have delivered to the consignee; and
- they have delivered those goods for the purpose of sale, lease or other disposal; and
- the consignor and the consignee both deal in those types of goods in their ordinary course of business.
The two exceptions to this rule are consignments under which the goods are delivered to:
- an auctioneer for the purpose of sale; or
- a consignee, (for sale, lease or other disposal), if it is generally known to its creditors to be selling or leasing goods of others.
The terms and conditions you must accept and adhere to, when using the PPSR.
Copyright is a type of legal protection for ideas and information in certain forms. The most common forms are: writings, visual images, music and moving images. Copyright is intangible personal property.
This refers to crops (whether matured or not and whether naturally grown or planted) that have not been harvested.
Examples of crops include:
- the products of agriculture or aquaculture, if the products have not been harvested, and
- trees (but only if they are personal property), if the trees have not been harvested.
Currency that is used as a medium of exchange in Australia or any other country.
A person, organisation, company or other entity who owes a debt.
Design relates to the features of shape, configuration, pattern or ornamentation which, when applied to a product, gives the product a unique appearance. Design is intangible personal property.