If your transitional security interest (TSI) has not yet been
registered on the Personal Property Securities Register (PPSR), you
need to register it before midnight on 31 January 2014 (Canberra
time) to take advantage of "temporary perfection" and
preserve your priority.
A TSI may still be registered on the PPSR after 31 January 2014,
however choosing to hold off registering until after that date will
result in you losing the benefit of the transitional provisions and
your priority will be effective only from the date of actual
registration rather than the earlier dates provided for under those
transitional provisions.
Registering your TSI after January 31 will mean that another
person with a security interest in the same collateral with a
higher priority ranking (for example, a secured party who
registered during the transitional period) may be paid out ahead of
you where a default occurs by the grantor or that you will lose
your security interest altogether in
