Landlords and the PPSR – are you protected?
Business Law
The Personal Property and Securities Act 2009 (PPSA) came into effect on 30 January 2012 and has changed the way in which security interests in personal property are dealt with in Australia. Now all security interests, including contracts for the supply of goods, commercial equipment leasing agreements, hire purchase or lease finance arrangements and bailment agreements can be registered on...
PMSI’s and Transitional Security Interests on the PPSR
Business Law
Since 30 January 2012 if goods are supplied to a business (grantor)on credit, or financed, the supplier/financier must register their interest on the Personal Property Securities Register (PPSR). A common form of registration on the PPSR is a Purchase Money Security Interest (PMSI). A supplier can register a PMSI on the PPSR when a supplier: * finances the acquisition of...