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ARTICLE · 28 AUGUST 2008

Security Shake Up - The Personal Property Securities Bill

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Personal property security (PPS) law is facing a major overhaul with the Personal Property Securities Bill 2008 set to replace over 70 pieces of Commonwealth, State and Territory Legislation.

AustraliaReal Estate and Construction
Alistair Jaque
Alistair Jaque
Swaab Author
Swaab Author
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Personal property security (PPS) law is facing a major overhaul with the Personal Property Securities Bill 2008 set to replace over 70 pieces of Commonwealth, State and Territory Legislation. The new PPS regime will standardise the law and practice of personal property securities through a single national Act, supported by a single national online register. With a likely commencement date scheduled for the first half of 2010, companies and business need to consider the impact these changes will have on their activities.

What is PPS?

Personal property is any form of property other than land. Security interests in all types of property other than real estate are personal property securities.

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