Is your PPSA registration expiring soon?
You need to read this!
If the expiry of registration of your ‘security interest’ on the Personal Property Security Register is coming up soon, you need to act quickly.
Once a registration has expired, it cannot be extended or renewed. You will lose:
- Your registered security;
- Your enforcement rights under the Personal Property Securities Act; and
- Any priority the registration gave you over other secured parties.
Act now before it is too late. We guarantee you won’t remember to deal with this when in the days leading up to the expiry date.
What you need to do
Just remember the Three Rs:
Review your registrations – check whether you have any registrations approaching their expiry date.
Rectify any incorrect details in your registrations – now is a good time to make sure any transitional registrations that were migrated across from other registers (such as the ASIC register of charges) are correct.
Renew any expiring registrations that you still need – timely renewal will ensure that you maintain the priority of your registration.
We can help!
If you need help making sure you are protected, call us on 1300 654 590 or email us and let us do the hard work for you.
The information contained in this post is current at the date of editing – 5 May 2023.
Our Great Lawyer Guarantee
We want to be part of your team over the long term. We'll achieve this by sticking closely to the following principles:
- We'll listen carefully to understand what you want to achieve. Then we'll thoroughly explain our advice and step you through the documents. You can be sure you'll know the full consequences.
- Our lawyers work as a team, so someone will always be available to answer your questions, or point you in the right direction. You will also benefit from a range of perspectives and experience.
- One of our key goals is to pass on as much knowledge as we can, so you can make your own informed decisions. We want to make you truly independent.
- We only do what we're good at. You can be confident that we know what we're doing and won't pass on the cost of our learning.
- For advice and documents, we provide a fixed or capped quote so you don’t take price risk. If you're in a dispute, we'll map out the process and costs so you know what to expect.
- We're not in this game for our egos. We're in it for a front row seat to witness your success.
We measure our success on how efficiently we have facilitated your objectives, enhanced your relationships, and reduced the level of stress for all involved.
If we sound like people you can work with, call us now on 1300 654 590 and speak directly with a great lawyer.
