PPSA & PPSR: take swift specialist legal advice today

Personal Property Securities

By: Andrew Lind, Partner & Kathleen Watt 

If you own personal property (goods or chattels) and have an arrangement with another person or entity giving them possession of your property, you must consider the implications of the Personal Property Securities Act 2009 (Cth) (PPSA) and the Personal Property Securities Register (the PPSR). 

In a nutshell, the person with a perfected security interest in personal property will have the highest claim to take the property in a dispute, even above and before the owner.

Some practical things you may need to consider include:

1. Does the PPSA apply to the personal property in your business?
2. How can you know you have the first perfected security interest in your property?
3. Do your terms and conditions protect your personal property from unwanted security interests?
4. Are you buying or selling a business (with goods and chattels included) free from security interests?

For more information on these issues, view our PPSA & PPSR page.  We also offer a fixed fee High Point advice conference that will cover all these considerations and more.

About the specialist lawyers at Corney & Lind

The Corney & Lind law firm has sufficient depth in our team of solicitors to provide specialist legal advice but remains small enough to be personal and highly responsive to the needs and time demands of our clients.