ARTICLE · 27 NOVEMBER 2011

PPS will commence on 1 February 2012 so you need to prepare for it

Colin Biggers & Paisley

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The Federal government formally announces commencement of the PPS regime and changes will affect everyone.

AustraliaFinance and Banking

In brief - Federal government formally announces commencement of PPS

The Federal government has formally announced that the new Personal Property Securities regime will commence on Wednesday 1 February 2012.

Existing rules about property ownership are completely changing

The changes under the new system will affect everyone.

Think of the structure of the motor vehicle REVs system, but expanded dramatically to apply to all types of personal property both tangible and intangible, eg goods, crops, currency, intellectual property, debts and rights under contracts.

Plus think of a complete change in the existing legal rules about personal property ownership.

Preparing for the PPS - a few tips

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