How the Personal Property Securities Act 2009 affects

The Personal Property Securities Act 2009 (PPSA) will have a significant impact on the core business operations of many industries. Businesses need to review their operations now and make arrangements to ensure their interests are protected when the PPSA commences.

Importantly, under the PPSA, suppliers and other beneficiaries of a retention of title clause will need to register their interest to ensure that the clause is enforceable and has its intended effect.

Here, partner Paul Cullen and senior associate Daniel Pinti discuss how the registration and enforceability of retention of title arrangements will change under the PPSA, and what businesses should be doing now to ensure their interests are protected.