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ARTICLE · 21 DECEMBER 2011

Personal Properties and Securities Act and your business

Truman Hoyle
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The Personal Properties and Securities Act is likely to commence in 2012 and will affect a wide range of businesses.

AustraliaFinance and Banking
Justine Abel
Justine Abel

Are you affected by the Personal Properties and Securities Act?

During September 2010 we published an Alert regarding the Personal Property and Securities Act 2009 (Commonwealth) ("the Act"). The Act is now likely to commence in early 2012 and will affect a wide range of businesses. Does the Act affect your business?

The Act will consolidate the different Commonwealth, state and territory legislation into one national law regarding personal property security interests and introduce a single, national Personal Property Securities ("PPS") Register to deal with them. It would be prudent for all business owners or directors to understand just how the legislation may affect their business.

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