Whilst the Personal Properties Securities [“PPS”] legislation had taken longer than originally envisaged to come into operation, it as now come into effect from 30 January 2012 and provides one national PPS register. To find out more about why this reform has taken place and how it may affect you or your clients, please click on http://www.ppsr.gov.au/ to find out more.

We anticipate that a number of businesses may be initially impacted by the new legislation and encourage company directors, business owners and financiers to review the legislation or seek advice about the impact on them if they have not already done so.