---
title: "General security deed (all present and after-acquired property)"
url: "https://ailawframework.com/precedents/banking-and-finance/general-security-deed"
type: "precedent"
site: "AI Law Framework"
id: "a3-general-security-deed"
area_id: "A3"
kind: "deed"
ai_level: "yellow"
version: 1
law_stated_as_at: "2026-10-17"
---

# General security deed (all present and after-acquired property)

> Lender-side general security deed over all present and after-acquired property of a company grantor, drafted for the PPSA.…

Canonical page: https://ailawframework.com/precedents/banking-and-finance/general-security-deed  
Law stated as at: 2026-10-17

Site index for agents: https://ailawframework.com/llms.txt

Lender-side general security deed over all present and after-acquired property of a company grantor, drafted for the PPSA. It covers attachment and perfection, circulating assets, undertakings, enforcement, receivers, PPSA contracting out and the power of attorney.

## Key facts

- Kind: Deed. A deed that must be executed as a deed.
- Practice area: [Banking & Finance](https://ailawframework.com/precedents/banking-and-finance.md)
- Jurisdictions: Australia
- AI level: Yellow. AI can help in set ways. A lawyer checks specific points before use.
- Law stated as at: 2026-10-17
- Status: Maintained. Checked on 2026-10-17 against the 7 authorities it cites, for Australia.

## When to use it

Use for secured lending to an Australian company where the lender takes security over all of the grantor’s personal property. Land needs a separate mortgage. Consumer and individual grantors, and syndicated deals with a security trustee, need different documents.

## How AI may be used

AI may adapt this reviewed base deed to the facility and check consistency. Enforcement, priority and PPSA provisions are settled by a finance lawyer.

**AI may:**

- Conform defined terms and cross-references to the facility agreement
- Populate the schedule from the term sheet and asset list
- List differences between this deed and the lender’s or borrower’s mark-up

**AI must not:**

- Must not change the PPSA contracting-out, enforcement or priority clauses without lawyer instruction
- Must not decide whether assets are excluded or circulating
- Must not process the grantor’s asset and financial information in an unapproved tool

**The lawyer checks:**

- Secured Money definition and Events of Default align with the facility agreement
- Excluded property, permitted security interests and land mortgages are dealt with
- Execution as a deed under s 127 and PPSR registration within the s 588FL window

## Authorities

- [Personal Property Securities Act 2009 (Cth) ss 12, 19, 20, 21 (security interest, attachment, enforceability, perfection)](https://www.legislation.gov.au/C2009A00130/latest/text)
- [Personal Property Securities Act 2009 (Cth) s 115 (contracting out of enforcement provisions)](https://www.legislation.gov.au/C2009A00130/latest/text)
- [Personal Property Securities Act 2009 (Cth) ss 157, 275 (verification statements; information requests and confidentiality)](https://www.legislation.gov.au/C2009A00130/latest/text)
- [Personal Property Securities Act 2009 (Cth) s 340 (circulating assets)](https://www.legislation.gov.au/C2009A00130/latest/text)
- [Corporations Act 2001 (Cth) s 127 (execution, including deeds)](https://www.legislation.gov.au/C2004A00818/latest/text)
- [Corporations Act 2001 (Cth) ss 588FJ, 588FL (circulating security interests; vesting if not registered)](https://www.legislation.gov.au/C2004A00818/latest/text)
- [Corporations Act 2001 (Cth) ss 415D, 434J, 451E (stays on enforcing rights) and s 420 (powers of receiver)](https://www.legislation.gov.au/C2004A00818/latest/text)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/banking-and-finance/general-security-deed and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*