The Personal Property Securities Act 2009 (PPSA) was created to establish legal certainty over ownership and property rights between you and your clients and creates a single national registry (the PPS Register).
Recent PPSA Court Decisions
On 27 June 2013, the Supreme Court of NSW handed down Maiden Civil (P&E) Pty Ltd & Ors v Queensland Excavation Services Pty Ltd & Ors  NSWSC 852, a decision which confirmed the importance of complying with the PPSA and the substantial impact of a company's failure to register their ownership interest on the PPS Register.
- Goods supplied on credit (under ROT or otherwise)
- Supplier of goods on consignment
- Lessors of items of property
- Financiers/hire purchase providers
Without protection under the PPSA, a supplier may lose legal entitlement to the goods supplied / leased regardless of whether consideration has been paid by the purchaser/lessee.
Who we are
PPS Registry Solution is a specialist PPSA advisory firm. Our principals are members of the Institute of Chartered Accountants and members of the Australian Restructuring Insolvency and Turnaround Association.
Our practical approach ensures your business is prepared for the PPSA.Contact us to see how we can help