The Personal Property Securities Act (PPSA). What it means for you?
The Personal Property Securities Act (PPSA) commenced on 30 January 2012.
It changed the way in which security interest in personal property is registered.
You should consider with the PPSA applies to you if you do any of the following:
Sell goods on credit
Provide credit facilities
Have goods or assets on consignment or hire
Make loans - Supply goods on retention of title terms
Grant licences for use of products, trademarks or intellectual property
You should consider whether the PPSA applies to you and the risks of not registering. The Australian Government has a website on Personal Property Securities Act at https://www.ppsr.gov.au/ppsr-overview.