Archive for the 'Personal Property' Category

27 July 2017

Protecting yourself when you provide goods on credit

What is the Personal Property Securities Register (PPSR)? The PPSR is a real time online national register on which secured parties such as financiers and suppliers can register their security interests in personal property. A ‘security interest’ is defined in the Personal Property Securities Act 2009 (PPSA) as an interest in personal property that secures […]

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16 January 2014

Expiry of PPSR Transitional Period

The PPSR The Personal Properties Securities Act 2009 (Cth) (“the PPSA”) took effect on 30 January 2012. It established a new system for the creation, priority and enforcement of security interests in “Personal Property”, which is generally all property other than land, fixtures and certain statutory interests. The PPSA also established the Personal Property Securities […]

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17 September 2013

PPSR Update – Key Developments for Business Owners

I recently delivered a seminar in conjunction with National Australia Bank (“NAB”) in relation to recent developments regarding the Personal Property Securities Register (“PPSR”). The update was provided in light of recent court cases in this area, as well as the impending expiry of the transitional period on 30 January 2014. Some of the key […]

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7 December 2011

Urgent Alert Australian Businesses – Are you ready for PPSA?

The Personal Property Securities Act (“PPSA”) will come into effect early in 2012. This legislation is very important and you need to act now. It will dramatically alter the way in which security over personal property can be protected. “Personal property” is any property, whether tangible or intangible, e.g. machinery and equipment, inventory, motor vehicles, […]

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5 September 2011

The Personal Property Securities Act – important changes for businesses supplying goods on credit

Businesses and individuals that provide finance secured by personal property, or who supply goods on a retention of title (ROT) basis, should be aware of the introduction of the Personal Property Securities Act. The new legislation will require that, where businesses are supplying goods on credit, their interest should be registered on the new Personal […]

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