The Personal Property Securities Act 2009 (Cth) (PPSA) is the single, national law dealing with personal property, providing clear rules for creating valid security interests and priority rules for competing security interests.
Our team is committed to delivering practical and commercial advice in relation to the PPSA and individually tailoring advice to suit our client’s business needs. We are renowned for providing clear advice on how our clients should approach and protect themselves with regards to financing arrangements, hire purchase agreements, lease arrangements, conditional sale agreements, commercial consignments, factoring or book debts and retention of title arrangements.
The PPSA impacts a range of clients across financial services, State Government, agriculture, corporate trusts, automobile, construction and commercial leasing. We have an advanced legal and practical understanding of the PPSA and the risks associated to business that operate in different industries across Australia.
We regularly advise financiers, general counsels, lawyers, company secretaries, business owners, credit officers and the government on how the PPSA affects their business and the policies, procedures and amendments to contracts they should implement to protect their interests. Our primary focus remains on how our clients are best able to utilise the priority rules under the PPSA, to limit competing creditors claiming a security interest in assets which is a priority to our clients.