The PPS start date is getting closer every day. Here's some
current thinking from Gadens Lawyers.
Start date
There were some 'Instruments' issued recently which
stated:
- migration date 21 November 2011
- start date 30 January 2012.
These were issued for technical reasons, and do not necessarily
indicate that migration has commenced, nor that the start date will
be 30 January 2012.
The latest official statement is: 'The
Attorney-General's Department will continue to monitor
progress, liaise with key stakeholders and will provide further
advice to the Attorney-General to confirm the registration
commencement time in mid December'.
Notice of verification statement
As soon as practicable after receipt of the verification
statement, the person who receives the verification statement
(usually the secured party) must send a statement about the
registration in an approved form to the 'person registered as a
grantor' – s157.
