Personal Property Securities Act
Personal Property Securities Act, the new way to secure personal property such as machinery, hire equipment, goods etc.
Previously you had to lodge charges against the company on ASIC. This is no longer the case as interests are recorded on the PPSA Register.
Why do you need a lawyer?
Although the process may seem fairly straight forward, if you do not register your interest correctly you may or you can lose your personal item if the company becomes insolvent.
How we can help you?
HNT Legal have experience in providing advice to businesses who use the PPSA Register often and thus, are aware of what interests can be registered. We have also attended to registration and been able to “perfect” the security. If a registration is out of the ordinary we have access to Barristers who specialise in this particular area.