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May 15, 2019

The Personal Property Securities Act 2017 (Act) will be commencing on 31 May 2019, representing a major reform for Fiji’s financial system.

The Act will overhaul secured lending in Fiji and will also have far-reaching consequences across a broad range of commercial transactions and arrangements.

If you are involved in lending, equipment leasing,...

Instead of paying insurance premiums to insurers, drivers will now pay into the Accident Compensation Fund at the time they register their car. When suffering a road related injury individuals will be able to apply for compensation through the Accident Compensation Commission Fiji (‘ACCF’).

The Personal Property Securities Act 2017 introduces the creation of a security interest in personal property to secure payment of a loan or some other obligation. The Act will further strengthen Fiji’s financial system, benefiting a wide spectrum of transactional arrangements.

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