Security Rights in Intellectual Property in Australia

  • Sheelagh McCrackenEmail author
Part of the Ius Comparatum - Global Studies in Comparative Law book series (GSCL, volume 45)


This Chapter explores how consensual security rights over intellectual property (IP) operate in Australia under the Personal Property Securities Act 2009 (Cth) (PPSA). While outlining the various types of IP recognised in Australia, the Chapter focuses on copyright, patents and registered trade marks. As personal property within the scope of the PPSA, these are each available as collateral. Moreover, some dealings with them may also constitute security interests within the expanded statutory definition of that term, albeit lacking a security function. The Chapter examines how security arrangements over IP are typically structured in Australia as part of more general security interests over present and future acquired property and give rise to property and contractual rights for both the secured party and the grantor. It also analyses how a security interest must attach, be enforceable against third parties and perfected in order for the secured party to obtain optimal protection, while identifying the circumstances in which that secured party must nonetheless yield to third parties claiming a higher ranking priority or a right to take free of the security interest. Remedies available to the secured party in the event of a debtor’s default are also briefly considered.


  1. Boxall A (2011) Personal property securities act 2009 (Cth): some consequences for buyers of personal property. Commer Law Q 25(1):15–24Google Scholar
  2. Burrell R, Handler M (2016) Registering security interests over trademarks in Australia: theory and practice. In: Calboli I, de Werra J (eds) The law and practice of trademark transactions: a global and local outlook. Edward Elgar, pp 197–220Google Scholar
  3. Chambers K (2011) Update-security interests in intellectual property under the new PPS regime. Aust Intellect Prop Law Bull 24(6):171–173Google Scholar
  4. Coburn T (2014) Security interests affecting IPRs: finding your way around the PPSA. Aust Intellect Prop Law Bull 27(10):289–291Google Scholar
  5. Commonwealth of Australia (2015) Review of the Personal Property Securities Act 2009 (Mr Bruce Whittaker (Chairman)) (the Whittaker Report)Google Scholar
  6. Commonwealth of Australia (2016) Intellectual Property Arrangements, Productivity Commission Inquiry Report, Overview and Recommendations, No 78Google Scholar
  7. Commonwealth of Australia (2017) Australian Government Response to the Productivity Commission Inquiry into Intellectual Property ArrangementsGoogle Scholar
  8. Cuming R, Walsh C, Wood R (2012) Personal property security law, 2nd edn. Irwin Law, CanadaGoogle Scholar
  9. Davison M, Monotti A, Wiseman L (2016) Australian intellectual property law, 3rd edn. Cambridge University Press, MelbourneGoogle Scholar
  10. Duggan A, Brown D (2016) Australian personal property securities law, 2nd edn. LexisNexis Butterworths, ChatswoodGoogle Scholar
  11. Gilmore G (1965) Security interests in personal property, Vol 1. Little, Brown & Co, Boston: reprinted (1999) LawBook Exchange, New JerseyGoogle Scholar
  12. Gunning P, Lange M, Swinson J (2016) The PPSA and security interests over intellectual property. In: King & Wood Mallesons, Australian finance law, 7th edn. Thomson Reuters, Pyrmont, pp 649–659Google Scholar
  13. Loxton D (2012) New bottle for old wine? The characterisation of PPSA security interests. J Bank Financ Law Pract 23(3):163–181Google Scholar
  14. Loxton D, McCracken S, Boxall A (2018a) PPSA models: a minimalist approach. Commer Law Q 32(1):3–31Google Scholar
  15. Loxton D, McCracken S, Boxall A (2018b) Chains of leases: aligning PPSA models with commercial expectations. Commer Law Q 32(2):3–13Google Scholar
  16. Loxton D, McCracken S, Boxall A (2018c) PPSA models: easy as ABCD? Commer Law Q 32(3):52–70Google Scholar
  17. McCracken S, Stumbles J, Tolhurst G, Dixon O (2017) Everett & McCracken’s banking and financial institutions law, 9th edn. Thomson Reuters, SydneyGoogle Scholar
  18. Pemberton S, Chatwood R (2010) Using your IP to get finance? Implications of the personal property securities act 2009 for IP lawyers and their clients. Aust Intellect Prop Law Bull 22(10):190–197Google Scholar
  19. Shtein O, Wong K (2015) Personal property securities act (PPSA) – key points for intellectual property (IP) practitioners. Aust Intellect Prop Law Bull 28(1):18–23Google Scholar
  20. Stewart A, van Caenegem W, Bannister J, Liberman A, Lawson C (2018) Intellectual property in Australia, 6th edn. LexisNexis Butterworths, SydneyGoogle Scholar
  21. Swinson J (2002) Security interests in intellectual property in Australia. Bond Law Rev 14(1):86–131Google Scholar
  22. Swinson J, Howley J (2010) Intellectual property. In: Wappett C, Edwards S, Whittaker B (eds) Personal property securities in Australia, LexisNexis (looseleaf collection, 1st edn, current to July 2015) Australia, 115,001–115,268Google Scholar
  23. Tolhurst G (2016) The assignment of contractual rights, 2nd edn. Hart, OxfordGoogle Scholar
  24. UNCITRAL Legislative Guide on Secured Transactions, Supplement on Security Rights in Intellectual Property (2011) United Nations, New YorkGoogle Scholar
  25. Whittaker B (2013) Dealings in collateral under the personal property securities act 2009 (Cth) – in search of a “harmonious whole”. J Bank Financ Law Pract 24(3):203–219Google Scholar

Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.University of Sydney Law SchoolSydneyAustralia

Personalised recommendations