Blog

The risks of getting it wrong If you provide goods on credit, retention of title is not enough.  To protect your business, you must: Ensure that your terms and conditions are up to date, and include the right to register a security interest; and Register your security interest on the PPSR; and Make sure that you

In 2009, the Personal Property Securities Act (Cth) (“PPS Act”) was established and became an important reform introducing a national regime for secured finance using personal property. The PPS Act replaced a complex legal system, creating one method in respect of registration, priority and enforcement of security interests in personal property to which it applies.

The holiday season in Australia is a time for businesses and business owners to switch off and enjoy parties and presents. The end of the PPS transitional period might not be as flashy or as fun as the holiday season but it could prove very important to the bottom line of your business. The PPS

We are gradually seeing more cases coming through regarding the PPSA (Personal Property Securities Act). A recent case that was handed down in September, Auto Moto Corporation Pty Ltd v SMP Solutions Pty Ltd [NSW] 1403 (19 September 2013), involved a document that may have given a security interest over a Lamborghini Aventador. Personally, I

The Personal Property Securities Act which changed the Law regarding Retention of Title, trading and payment for personal property, commenced in January 2012. It is now almost 18 months since it started and we are seeing the results of people not acting quickly enough to protect themselves. Take, for example, our client who provides goods

You may have heard about this thing called the Personal Property Securities Register (PPSR) but at the same time thought “I don’t need to register, I’ve already got a Retention of Title clause in all my documents. That’s good enough isn’t it?” The short and quick answer to this is NO! Here’s why: Luke manufactures

We’ve inundated you throughout 2011 with information about the PPSA … now it’s finally here! 30 January 2012 sees the much anticipated (especially for us lawyers!) introduction of the new personal property securities register (PPSR). Although newly introduced in Australia, we can learn from the New Zealand cases as they introduced a PPSR in 2002

By now we’re sure that most of you are sick of hearing or reading about the Personal Property Securities (PPS) reforms. But, we are alarmed and concerned about the number of people who do not realise that PPS will affect their business. Whether it be due to an increase in the securities that will be