THE PPSA & AGRIBUSINESS
The Personal Property Securities Act 2009 (Cth) has
been in force for more than two years. The regime brings the
different Commonwealth, State and Territory laws and registers
regarding personal property securities under one national law and
one national electronic Personal Property Securities Register
(PPSR). Many businesses and individuals are affected by the PPSA,
including agricultural producers, and those that do not take action
risk losing their assets.
INTRODUCTION TO THE PPSA
"Personal property" is any property other than land.
It comprises tangibles such as goods, crops, livestock (including
unborn young and the products of livestock) and motor vehicles; and
intangibles such as licences, intellectual property and financial
instruments.
