This email from PayPal looks more like spam than real spam does

I received this email purportedly from PayPal Australia. It arrived in my Outlook.com mailbox as a trusted sender which is usually a good sign that it can be trusted.

But when I scanned through the email I thought, "this is spam". There is poor quality punctuation, missing spaces and quotation marks all over the place for no apparent reason.

Even the text itself sounds like spam, suggesting inaction will result in dire consequences.

I had marked it as spam in my head but looked to see where the links went to confirm, but they all went to the PayPal website.

I logged in to my PayPal account on another device and the notification mentioned in the email was there with the same date.

I forwarded the email to PayPal's phishing service out of interest, but never got a response either way, which is odd.

But it appears this is a genuine PayPal email. What do you think?