The Personal Property Securities Act (PPSA) came into force on 30 January, 2012. The PPSA caused far-reaching changes in the way in which security is taken over personal property (non-land assets).
Personal Property Securities Act 2009 (PPSA) has a wide-ranging impact on Australian businesses. If you are in business or intend to acquire property, take security over property or lease items to others, then you must take steps to protect yourself under and from the Personal Property Security Act (PPSA).
The PPSA extends the reach of personal security and insolvency law to not only cover mainstream security but other interests.
Our lawyers can assist you in:
- Advising you on your obligations under the PPSA
- Reviewing your existing contracts and identify security interests which should be registered on the PPSR
- Advising you on the risks of not registering on the PPSR
- Registering your interests on the PPSR