A friendly reminder that the Personal Property Securities Act 2009 (Cth) (PPSA) is effective as at 30 January 2012.
Click here for our earlier updates on the PPSA. The gist is that the PPSA will introduce a new national system for registering interests in personal property, and also changes what is considered a "registrable" security interest. If you own, lease, buy or sell personal property you may be affected by the introduction of this legislation.
If you haven't already, you should consider assessing whether your terms and conditions are compliant with the PPSA requirements and ensure your relevant interests in any personal property is secured.
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