The Personal Property Security Act (PPSA), Chapter P-7.1, 1998 was assented to by the House of Assembly on December 15, 1998, and later proclaimed with the commencement of the new system. A number of existing acts were amended and the following acts repealed:
- Assignment of Book Debts Act
- Bills of Sale Act
- Conditional Sales Act
- Part I, II, and III of the Security Interest Registration Act