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Personal property securities register
January 2012
While not a tax matter, it is worth noting that the Personal Property Securities Register (PPSR) commences operation on 30 January 2012. The register comes as part of the Personal Property Securities Act 2009, which brings the various state and territory laws into one national system.Security interests can be registered on the PPS Register if they:
- are created by an agreement made in any state or territory of Australia, or
- relate to a corporation incorporated under Australian law.
This will allow a purchaser of personal property to view a single register in order to determine if there are any charges on items of personal property they are about to purchase. Consumers and business operators can search the PPS Register when they need to know whether certain personal property has a security interestregistered against it.
More information
www.ppsr.gov.au
Disclaimer
The material and contents provided on this website and in our print, email or downloadable publications are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained. Liability limited by a scheme approved under Professional Standard Legislation.
The material and contents provided on this website and in our print, email or downloadable publications are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained. Liability limited by a scheme approved under Professional Standard Legislation.
