PPSR: SEVEN YEAR ITCH?

Industry insights

The Personal Property Securities Register (PPSR) commenced on 30 January 2012 following the enactment of the Personal Property Securities Act. This register records a security interest in an asset that in substance secures payment of a debt or obligation. Under the legislation, specific collateral registration in relation to serial numbered property such as motor vehicles, watercraft, aircraft and some other types of intellectual property may have been registered for a seven-year period given this was the maximum period these registrations could be registered until.

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