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Recent PPS Act Articles

Why you need to register your security deposits & landlords chattels

The attached article explains why security deposits paid by tenants under commercial leases and landlord's chattels and other personal property need to be registered on the PPS Register and explains how to go about such registration....

Landlords and property owners may not be as protected as they think they are!

A recent Victorian Court of Appeal decision has important consequences for Landlords of commercial leases, for property owners who enter into building contracts and for a range of other commercial conditional arrangements where monies are held in a trust account pending completion of specified obligations under a contract. The attached article explains the implications of this decision for Landl...

Schedule 1 - the services

Schedule 1- Particulars of the Services to be provided...

Schedule 2 - the fees

Schedule 2- Fees for providing the Services and payment arrangements...

Protecting inter-company & personal loan arrangements under the PPSA

Inter-company and personal loans to trading entities need to be properly documented and the security arrangements need to be registered on the PPSR- otherwise the lenders may well end up as and unsecured creditor in the event of the borrower becoming insolvent or going into liquidation. This article answers 6 questions that you should consider if you or a family member or a company in your...

Schedule 3 - the contract terms

Schedule 3- Contract Terms...

Urgent Notice to Landlords - PPSR - Are you in danger?

To protect yourself from your tenant’s default your security deposits/bonds and other security interests created under commercial leases need to be registered on the PPS Register....

How to lose a $2m race horse

There is a New Zealand case (the Australian legislation is based on the New Zealand law so this is a precedent) Waller v New Zealand Bloodstock Limited [2005] NZCA 254; [2006] 3 NZLR 629. In that case the owners of a $2 million racehorse leased it to a stud. The stud got into financial difficultly and the stud’s financier repossessed the stud (and with it, the horse).The horse’...

Getting your customer data in order for the PPS Act

With the PPS Act now live, you should now be well advanced in revising your customer acquisition and management processes for th ePersonal Properties Securities Act2009 (PPS Act). Are you ready? This article will test your current thinking about PPS Act readiness....

20 Questions you should ask about the PPS Act?

The New Year really began for businesses on 30th January, 2012 with the introduction of the PPS Act.Was your business ready?20 questions you should ask yourself to find out if your business is ready for the introduction of the new PPS Act....

How many times should your Company register property against one customer under the PPS Act?

You may be surprised to learn that one registration against a customer is not always enough under the Personal Property Securities Act 2009 (PPS Act )....

Protecting your personal property and your legal rights under the Personal Property Securities Act (PPS Act) by registering your security interests on the PPS Register (PPSR).

If you are involved in any of the following industries you will need to review your current Trading Terms/Contracts and implement new procedures to register your interests on the PPSR to ensure that your legal rights are properly protected! ...

What you need to do to get your business PPS ready

The Personal Property Securities Act 2009 (PPS Act) commenced on 30 January 2012. It has ushered in a completely new way for businesses to protect themselves in the event of the insolvency or liquidation of their customers. You will need to get cracking and make some important changes in your business if you want to start registering your customers and protecting your personal property on the ne...

The Personal Property Securities Act (PPS Act) and SMEs: What will change?

As with any new legislation that affects small business, the PPS Act will mean that SME owners will have to change not only some of their day-to-day activities and systems, but they will have to change some of the legal documents on which they presently rely such as their trading terms and their credit application forms....

Making the Most of the PPS Act

There can be some real upside for your business if you make effective use of the new Personal Property Securities Register.Read on and discover the many unexpected benefits of registering your security interests....

The Personal Property Securities Act 2009 requires that businesses register all security interests on the Personal Property Security Register (PPS Register). Not registering a security interest will potentially result in your business losing its interest in goods supplied to clients that become insolvent, bankrupt or enter into liquidation.
We can provide you with a tool kit of tailored products and services that will help you through the PPS Act maze of information and help you to take control of all your PPS Act requirements.

Find out more at www.ppsr.gov.au