This is important for you if you are continuing to rely on any
long-standing security from a company or individual over non-real
estate assets.
Securities registered on the Personal Property Securities
Register are usually only registered for seven years. Registration
needs to be renewed before expiry in order to
maintain enforceability and priority if there is an insolvency. A
registration cannot be renewed after expiry.
The seventh anniversary of the commencement of registrations is
coming up on 30 January 2019.
That means that original registrations are about to expire.
This message applies to all types of registered securities.
But it is particularly important to consider any security you
hold over the non-real estate assets of a company.
