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Abstract

[extract] Mr Rose’s view is that, of the three options [for an Australian personal property security legislative system], the best is either a single Commonwealth Act following reference by the States, or a “simple” State based co-operative scheme involving no Commonwealth legislation in a State other than registry provisions.

In this comment I will venture the opinion that a single Commonwealth Act following reference by the States would be the desirable course, having regard to the objects sought to be pursued by the reform of the law relating to personal property securities, and my perception of where personal property security law properly sits within our legal system.

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