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.