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
Books
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)
Articles
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
Important cases
Strategic Finance Limited (in receivership and in liquidation) v Bridgman [2013] NZCA 357
The Healy Homberg Trading Partnership v Grant [2012] NZCA 451
Stiassny v CIR [2012] NZSC 106
Marac Finance Ltd v Greer [2012] NZCA 45
Burns v Commissioner of Inland Revenue HC Auckland [2011] NZHC 1363
Gibson v Stockco Ltd HC Auckland [2010] NZHC 2398
Dunphy v Sleepyhead Manufacturing Co Ltd [2007] NZCA 241
New Zealand Bloodstock Ltd v Waller [2005] NZCA 254
Last Checked August 2020
If you have any questions or would like to suggest an update please email magda.raczynska@ucl.ac.uk
Secured Transactions Law Reform Project 