Share on LinkedInShare on LinkedIn

ARTICLE · 20 FEBRUARY 2012

Warning! PPSA – how are you affected!!??

Holding Redlich
Holding Redlich
Contributor
Holding Redlich

Holding Redlich

Holding Redlich is a large national commercial firm with offices in Melbourne, Canberra, Sydney,...

View firm profile
Explore more from Holding Redlich

The PPSA may have serious consequences for you and your business if you do not take steps to protect your interests.

AustraliaFinance and Banking

The Personal Properties and Securities Act Cth (2011) ("PPSA") came into effect on 30 January 2012. The PPSA establishes a priority registration regime relating to security interests in personal property and introduces new concepts of attachment and perfection of security interests which replace the traditional notions of title and ownership.

The Personal Properties and Securities Register ("PPSR") brings together approximately 40 registers established under up to 70 Acts which previously existed in Australia (e.g. company charges registered with ASIC). This process of harmonisation aims to reduce compliance costs for business and to bring Australia in line with similar regimes already in operation in countries such as the United States, Canada and New Zealand.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from