The 4 Ws of the PPSA

Still unsure if the Personal Property Security Act 2009 (Cth) ("PPSA") applies to you? At Thynne & Macartney we've developed 4 simple questions to assist you and your business in determining how the PPSA may impact you:

1. Who are you/your business?
2. Who are your clients?
3. What types of property do you deal with?; and
4. What transactions do you participate in?

Answer the following to establish whether the PPSA applies to you:

1. Are you any of the following:

• Authorised Deposit Taking Institution;
• Retailer;
• Manufacturer;
• Supplier;
• Bank (or other lending institution);
• Lessor;
• Builder (or other entity who leases equipment or construction materials (fencing, portable toilets etc.))