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The mortgage duty refinancing concession under the Duties Act 1997 (NSW) (Duties Act) has been amended with effect from 1 August 2005 to limit the amount of advances for which the concession is available to $1 million.

Update your terms of trade documents, or lose goods supplied to a customer who becomes insolvent, even if you have title.

Universities also need to understand how the PPSA may affect their business practices and contracting requirements.

Security interests registered on the PPSR for a period of seven years should be renewed to ensure that they do not lapse.

The PPSR is a national online register where security interests in personal property can be registered and searched.

Franchisors need to be proactive to take steps to protect their interests under the Personal Property Securities Act.

All businesses should be aware of the importance of properly recording their security interests on the PPS Register.

If you are a holder of security interests in personal property, you should register your interests to maintain priority.

Registration cannot be renewed and extended once it expires so you need to regularly review registrations and expiry dates.

The report was ordered by the Group of 100 to examine if Australia has a 'deep' market in high quality corporate bonds.

Lease or bailment agreements with a term of 2 years or less are no longer PPS Leases which are required to be registered.

In the case, Piper v ANZ National Bank Limited [2008] NZHC 872, it was alleged that the Bank was liable for the costs to complete the unfinished development and the costs to repair defects in the construction work. Lenders may breathe a sigh of relief at the decision of Justice Winkelmann that the claim against the Bank could not succeed.

Any security interest under a conditional sale (retention of title) agreement must be properly registered on the PPSR.

The case highlights the benefits of promptly registering a security interest, so it will be visible to an administrator.

On 19 March 2009, the Senate Legal & Constitutional Affairs Committee tabled its report in the Senate on the Exposure Draft of the Personal Property Securities Bill 2008.

The proposed regulation seeks to incorporate Digital Asset Providers into the existing AFS licensing regime.

The Court was willing to accept that traditional ROT arrangements amounted to security in respect of the underlying debt.