The Personal Property Securities Act 2009 (Cth) has created a single national system for the registration of security interests in personal property. It is crucial that ALL businesses understand the key concepts behind this legislation so that they are prepared for its impact.
To assist our clients to be "PPSA Ready" we have developed a check list so you can determine to what extent your business will be affected by the PPSA and what steps you need to take to be adequately prepared. Simply click here to access our PPSA Check List.
The steps you may need to take include:
- Reviewing your terms and conditions and guarantee documents
- Amending the documents to ensure they comply with PPSA
- Understanding the registration process
Many of our clients are already taking action to come to terms with the complexities of the new Act. It is essential your business acts now to understand the impact of these legislative changes.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.