ˌɪndᵻvˈɪdʒuːəlz bɹˈɔːdli, nˈɑːnɪŋkˈoːɹpɚɹˌeɪɾᵻd lˈiːɡəl pˈɜːsənz mˈeɪ ɡˈɪv ɐ tʃˈæɾəl mˈɔːɹɡɪdʒ ˌoʊvɚ ðɛɹ pˈɜːsənəl pɹˈɑːpɚɾi; haʊˈɛvɚ, ɪt mˈʌst biː ɪnðə stˈætʃətˌoːɹi fˈɔːɹm pɹɪskɹˈaɪbd baɪ ðə bˈɪlz ʌv sˈeɪl ˈækt wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd sˈɛvənti ˈeɪt ænd ðə bˈɪlz ʌv sˈeɪl ˈækt wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd sˈɛvənti ˈeɪt ɐmˈɛndmənt ˈækt wˈʌn θˈaʊzənd ˈeɪthˈʌndɹɪd ˈeɪɾi tˈuː fɔːɹ ɪt tə kˈɑːnstɪtˌuːt vˈælɪd sᵻkjˈʊɹɹᵻɾi.
Individuals (broadly, non-incorporated legal persons) may give a chattel mortgage over their personal property; however, it must be in the statutory form prescribed by the Bills of Sale Act 1878 and the Bills of Sale Act (1878) Amendment Act 1882 for it to constitute valid security.