Personal Property Securities

Our Practice

The Personal Property Securities Act (“PPSA”) came into effect on 30 January 2012. It represents a fundamental change in how business is done.  Most transactions such as the supply of goods, borrowing of funds, leasing or hiring equipment, or the giving of security will be affected by the PPSA. Businesses are no longer able to rely on retention of title to secure their interests in goods sold but not paid for by customers. 

It is essential that all businesses review their business procedures and practices to ensure compliance with the new regime.

We have already provided advice to a number of small businesses, financiers and insolvency practitioners in relation to the effect of the PPSA on their particular businesses.

Our Expertise

We can:

  • provide advice to you in relation to the processes and procedures required to achieve PPSA compliance
  • register your security interests on the Personal Property Security Register
  • update your terms of trade and credit application documents to contemplate the PPSA
  • advise you in relation to the priority or enforceability of a security interest

Our Team

Please refer your enquiries to:

Richard Waring, Partner
(07) 3307 4545
rwaring@shandtaylor.com.au 

Kimberley Forman, Senior Associate
(07) 3307 4523
kforman@shandtaylor.com.au