Personal Property Securities

Personal Property Securities

The Personal Property Securities Act (PPSA) established the Personal Property Securities Register which consolidated all registration of security interests into one platform.

Apart from land, water, fixtures and a few statutory rights, Personal Property Securities include all other tangible and intangible goods owned by any legal entity such as:

• Goods and equipment and other property
• Floating charges, commercial consignment, chattel mortgages
• Financial assets, intellectual property

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If the true owner does not register security interests over these goods, these goods may be seized by the liquidator or bank receiver to pay off creditors in the event of an insolvency.

The PPSA redefined priority rules for competing security interests and the creation of valid security interests.

The PPSA also affect various commercial arrangement relating to financing, hire purchase, lease, commercial consignment, conditional sale and so on.

Whether you are in Canberra and its surrounding regions, Sydney or regional NSW, we can help you to:

• Properly register your interests on the PPSR
• Understand how the PPSR applies to your business and how you can protect your business assets and rights
• Review and revise your arrangement relating to financing, hire purchase, lease, commercial consignment, conditional sale in consideration of the PPSA
• Represent you in any PPSA-related disputes