PERSONAL PROPERTY SECURITIES
Our Practice

The Personal Property Securities Act (“PPSA”) provides for the creation and registration of security interests in personal property and made fundamental changes to how business is conducted when it commenced in January 2012.  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. 

It is essential that all businesses ensure their business procedures and practices comply with the PPSA regime and, where appropriate, register their interests within  the relevant timeframe and within the relevant classes of goods. Failing to do so will have significant consequences on the secured party's ability to recover amounts owed if the party providing the security becomes insolvent.

We have provided critical advice to many businesses of various sizes, financiers and insolvency practitioners (including liquidators) in relation to the effect of the PPSA on their particular businesses and their security entitlements.

Our Expertise

We can:

  • Advise you on the application of the PPSA to you or your business.

  • Advise you on the processes and procedures required to achieve PPSA compliance.

  • Prepare, review, and update your terms of trade, credit application, and other business documents to ensure that they comply with the PPSA and protect your interests in the PPSA context.

  • Advise you on the priority or enforceability of a security interest or defects in that security interest.

  • Register your security interests on the Personal Property Security Register to protect those interests.

  • Perform searches of the Personal Property Securities Register to check security interests that have been registered 

  • Advise you if a debtor has gone into administration

  • Advise you on and assist you with conducting litigation and dispute resolution for PPSA related disputes.

Our Team

Please refer your inquiries to:

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

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

Patrick Sherlock, Senior Associate
(07) 3307 4542
psherlock@shandtaylor.com.au