Personal Property Transactions is a compulsory subject in the Bachelor of Laws program offered by the Faculty of Law. This subject covers the principles of law applicable to personal property transactions comprising the sale of goods under the Sale of Goods Act 1896 (Qld), and the creation, perfection and enforcement of security interests under the Personal Property Securities Act 2009 (Cth) [PPSA]. The subject includes discussion of the sale of goods, the basic concepts introduced under the PPSA, attachment and perfection of security interests, priority between security interests, accessions, proceeds and enforcement of security interests. It also examines Retention of Title (Romalpa) clauses, liens and pledges in relation to the Common Law and PPSA.
Distinguish between the various types of personal property.
Determine when property and risk in personal property transfers.
Distinguish between a secured liability and an unsecured liability.
Understand when a party has the best possible security interest.
Determine priorities as between competing security interests.
Understand the impact of the Personal Property Securities Act 2009 (Cth).
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have
through previous study. It is the responsibility of students to ensure they meet the assumed knowledge
expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against
enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
This subject is not available as a general elective. To be eligible for enrolment, the
subject must be specified in the students’ program structure.
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