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The purpose of the proposed changes is to reduce the number of leases and bailments that would fall within the PPSA.

An example of how leading firms can drive the direction of the industry to the benefit of clients and market efficiency.

Businesses should review their supply terms and registration strategies or risk loss if their clients become insolvent.

These PPSA model clauses by 5 law firms set out suggested clauses and definitions for certain core provisions of a GSA.

TSIs must be registered on the PPSR by this time to take advantage of "temporary perfection" and to preserve priority.

Leases of serial numbered goods of 90 days or more may no longer be deemed to be personal property securities leases.

The AG has released the first of a series of consultation papers in relation to the PPSA review, for public comment.

If offering securities in Australia, the Corporations Act may require lodgement of a disclosure document, or prospectus.

Those who have interests over IP (such as trade marks, patents, designs, copyright and IP licences) must register them.

Retention of title still exists, but the PPSA and Corporations Act 2001 have made this mechanism far less attractive.

Before agreeing to act as guarantor for a tenant, make sure you know what you could be liable for if things go wrong.

In the recent Supreme Court of NSW case, Permanent Trustee Company Limited v O'Donnell, the financial burden of a fraud on three mortgagors was passed on to their mortgagee. The mortgagors were able to avoid their obligations under their mortgage by utilising s7 of the Contracts Review Act 1980 (NSW).

2012 marked an overhaul of the way that security interests (other than real property) are dealt with in Australian law.

The main impact of this amendment is aimed at businesses in the short-term hire and rental industry, and their financiers.

The abolition of mortgage duty in 2012 will be a positive step in secured lending transactions in NSW.

Secured parties should ensure that they have registered their security interests on the PPSR within time.

Overseas listed companies, or the subsidiaries of such companies, are not covered by the Retail Leases Act 2003 (Vic).