The Personal Property Securities Act 2009 introduced some fundamental changes to the laws of securities and property (except real estate). The Personal Property Securities Register (‘PPSR’) commenced at the end of January 2012 and is an online register of security interests in personal property. This checklist has been provided by Cathy Russo, managing principal lawyer at Macpherson Kelley Lawyers Brisbane (phone 07 3235 0403.) and covers the essential issues in the form of yes/no questions that business owners need to consider when deciding if the PPS regime applies to their business. A further T&Cs checklist is also included to assist in assessing whether any updates may be required to the T&Cs for the business to ensure the business is protected and has the best possible chances of recovery of amounts due.
