Personal Properties Securities Legislation - Make Sure You Register Your Security Interest

This is arguably the most significant reform of finance code in Australia since the introduction of consumer credit legislation in the 1980s and the introduction of GST. The legislation provides rules for the creation, extinguishment and enforcement of security interests in personal property and for determining priority among competing security interests. One of the key changes of the reform is the fresh PPSR which allows lenders and businesses to register a security interest in personal property. Secured parties, buyers and other interested parties can search the PPSR to find outside if a registration has been

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