The law on security over personal property was reformed in New Zealand in 1999 by the Personal Property Securities Act 1999. The scheme is similar to the Canadian Acts in structure and content, with one major exception. This is that unregistered security interests are not void against unsecured creditors, although they are against secured creditors (section 66), execution creditors (section 103) and buyers or lessees of collateral (section 52).
Homepage of the register: http://www.ppsr.govt.nz/cms
Gedye, Cuming and Wood, ‘Personal Property Securities in New Zealand‘, Thomson Brookers, Wellington (2002)
Widdup, Personal Property Securities Act, a conceptual approach (LexisNexis New Zealand, 3rd ed, 2013)
Duggan and Gedye, ‘Personal Property Security Law Reform in Australia and New Zealand: the impetus for change‘, Penn State International Law Review Vol 27, Spring 2009, 655 – 692
Last Checked August 2020
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