Some PPSA registrations are about to expire ‒ Don't get caught out

30 January 2019 marks the seventh anniversary of when the Personal Property Securities Act 2009 (Cth) started to apply and, as registrations against serial numbers and/or consumer property can only have a duration of 7 years, that means those types of registrations (if made in 2012) will expire automatically this year unless they are renewed.

If you have made registrations on the PPS register that are for a period of 7 years (or less):

Filed under:
Australia, Banking, Corporate Finance/M&A, Insolvency & Restructuring, Clayton Utz
Authors:
Graeme Tucker , Alan Maguire , Greta Burkett , Dan Fitts , Paul Cullen
Location:
Australia
Firm:
Clayton Utz
Think you're not "regularly engaged in the business of leasing"? Think again, says new PPSA decision

Key Points:

Companies that have leasing as a small and irregular part of their overall business still must comply with the PPSA if their interests in leased goods are to be protected.

Filed under:
Australia, New South Wales, Banking, Insolvency & Restructuring, Litigation, Clayton Utz, General Electric, New South Wales Supreme Court
Authors:
Dan Fitts
Location:
Australia
Firm:
Clayton Utz
Think you're not "regularly engaged in the business of leasing"? Think again, says new PPSA decision

Key Points:

Companies that have leasing as a small and irregular part of their overall business still must comply with the PPSA if their interests in leased goods are to be protected.

Filed under:
Australia, New South Wales, Banking, Insolvency & Restructuring, Litigation, Clayton Utz, General Electric, New South Wales Supreme Court
Authors:
Dan Fitts
Location:
Australia
Firm:
Clayton Utz