Last chance to perfect transitional security interests under the PPSA

In brief - Act before the end of January 2014 to ensure you maintain your rights to your property

The two year transitional period under the Personal Property Securities Act 2009 (PPSA) expires at midnight at the end of 31 January 2014. You need to register your security interests in the Personal Property Securities Register (PPSR) before then.

Registering security interests necessary to retain priority over other security interests

Transitional rules under the PPSA allowed for security interests created before 30 January 2012 ("transitional security interests") to be temporarily perfected, meaning that a transitional security interest retained the same priority it had at 30 January 2012 against other security interests in the same collateral perfected after that date.