PPS ready or PPS worried?

The new Personal Property Security regime commences on 30 January 2012.

Some businesses are not ready, but Gadens has the solution.

If your business does any of the following, it needs to amend its transaction documents, get a good understanding of the PPS, and develop systems for searching and registration.

Affected businesses include:

• real estate lenders who take security over company title home units;
• commercial property finance real estate lenders;
• lessors of operating leases, finance leases, and hire purchase agreements;
• landlords who lease chattels (i.e. goods which are not fixtures) with real estate; and
• businesses which sell goods on a deferred payment basis.