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ARTICLE · 23 MARCH 2011

The Personal Property Securities Register - Get Ready Now!

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The Australian Personal Property Securities Register (PPS Register) now commences in October 2011, previously 1 May 2011. It replaces most existing personal property security registers including the ASIC charges register and REVS (vehicles). Financiers, lessors and suppliers must take action to ensure that they don’t lose their rights over assets or securities.

AustraliaReal Estate and Construction
Chris Bevitt
Chris Bevitt
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The Australian Personal Property Securities Register (PPS Register) now commences in October 2011, previously 1 May 2011. It replaces most existing personal property security registers including the ASIC charges register and REVS (vehicles). Financiers, lessors and suppliers must take action to ensure that they don't lose their rights over assets or securities.

The Personal Property Securities Act 2009 (PPSA) provides for creation of the PPS Register as well as effecting sweeping changes to the law relating to personal property securities. It covers both traditional securities such as charges along with other transactions including retention of title arrangements and leases of goods.

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