Definition of PPSA (Australia


PPSA (Australia means the Australian Personal Property Securities Act 2009 (Cth).
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Examples of PPSA (Australia in a sentence

For the purposes of this clause, the following words and expressions have the same meanings given to them in the PPS Law (Australia): financing change statement, financing statement and verification statement, and PPS Law (Australia) means the Australian Personal Property Securities Act 2009 (Cth) (PPSA Australia) and any amendment made at any time to any other law, by-law or regulation as a consequence of the PPSA Australia.
In addition, other terms relating to Collateral used and not otherwise defined herein that are defined in the UCC, the PPSA, the PPSA Australia and/or the PPSA New Zealand shall have the meanings set forth in the UCC, the PPSA, the PPSA Australia and/or the PPSA New Zealand, as applicable and as the context requires.
As used herein, the following terms have the meanings set forth below: Account: as defined in the UCC, the PPSA or the PPSA Australia, as applicable, and, with respect to a New Zealand Domiciled Loan Party, an account receivable as defined in the PPSA New Zealand, in each case including all rights to payment for goods sold or leased, or for services rendered, whether or not they have been earned by performance.
As used herein, the following terms have the meanings set forth below: Account: as defined in the UCC, the PPSA or the PPSA Australia, as applicable, and, with respect to an Account of a New Zealand Domiciled Loan Party, an account receivable as defined in the PPSA New Zealand, in each case including all rights to payment for goods sold or leased, or for services rendered, whether or not they have been earned by performance.
With the advent of the Personal Property Securities Act 2009 (Cth) ('PPSA'), Australia will join the United States, Canada and New Zealand in regulating personal property security with regard to function rather than form.