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ARTICLE · 31 MARCH 2011

The PPSA commencement is coming!

Hunt & Hunt
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The Personal Property Securities Act 2009 (Cth) ("PPSA") is now expected to come into effect in October 2011. All financiers and businesses that supply goods to their customers or distributors, on the basis that they retain title until payment is made, are at risk if they do not appropriately prepare for the PPSA.

AustraliaConsumer Protection
Brendan Sheehan
Brendan Sheehan
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The Personal Property Securities Act 2009 (Cth) ("PPSA") is now expected to come into effect in October 2011. All financiers and businesses that supply goods to their customers or distributors, on the basis that they retain title until payment is made, are at risk if they do not appropriately prepare for the PPSA.

What is the PPSA and how will it affect you and your business?

The PPSA is a Commonwealth Act that became law at the end of 2009. Hunt & Hunt has been updating those affected in the business community on the progress of the reform since an Exposure Draft of the PPSA was released in 2008. The PPSA was scheduled to come into effect on 1 May 2011 but the Council of Australian Governments recently postponed its commencement until October 2011.

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