PPSA Series: Personal Property Securities Act 2009 - What you need to know

Pricing

Individual	Member	Non-member
Single Session	$124.00	$140.00
Series (6 sessions)	$670.00	$756.00

ePass discounted rates - find out more.

PPSA Series: Personal Property Securities Act 2009 - What you need to know

ePass discounted rates - find out more.

All delegates must be registered to be able to participate in training and to be eligible to receive qualifying hours

PPSA Series, Session 1: Introduction to the Personal Property Securities Act 2009 - Critical overview and key concepts
Tuesday 21st February 2012, 11:00am to 12:30pm (AEDT)
Recording Expiry Date: 8 August 2012

PPSA Series, Session 2: PPS Register - A practical guide to registration on and search methods
Tuesday 20th March 2012, 11:00am to 12:30pm (AEDT)
Recording Expiry Date: 8 August 2012

PPSA Series, Session 3: Impact on distributors and suppliers of goods
Tuesday 24th April 2012, 11:00am to 12:30pm (AEST)
Recording Expiry Date: 8 August 2012

PPSA Series, Session 4: Impact on the building and construction and mining industries
Tuesday 22nd May 2012, 11:00am to 12:30pm (AEST)
Recording Expiry Date: 8 August 2012

PPSA Series, Session 5: What landlords need to know - Impact on landlords and property developers
Tuesday 26th June 2012, 11:00am to 12:30pm (AEST)
Recording Expiry Date: 8 August 2012

PPSA Series, Session 6: Intellectual Property and the PPSA
Tuesday 24th July 2012, 11:00am to 12:30pm (AEST)
Recording Expiry Date: 8 August 2012

The PPSA will commence on 30 January 2012 when the Personal Property Securities Register (PPS Register) goes ‘live’. The provisions of the PPSA are revolutionary in terms and will significantly alter legal title over personal property. Every area of business will be affected. In particular suppliers, sellers and distributors of goods by way of sale or consignment need to take immediate action. Similarly hirers/lessors of plant and equipment and motor vehicles are immediately affected.

Session 1: Introduction to the Personal Property Securities Act 2009 – Critical overview and key concepts

This introductory session will provide an overview of the PPSA and its key concepts, including:

What is personal property?
The PPS Register
Who needs to register?
What is a ‘security interest’?
What is a purchase money security interest (PMSI)?
Registration information and how to register
Effect of registration or non-registration
Transitional security interests
What is ‘attachment’, ‘perfection’ and ‘control’?
Amending or removing registration – ‘discharges’
Priorities
Timeframes for ‘perfection’
Enforcement.

Session 2: PPS Register - A practical guide to registration on and search methods

A person who holds a ‘security interest’ or to whom a security interest is granted should register on the PPS Register. Financiers and buyers of goods will want to search the PPS Register. This presentation will show you the basics including:

Why should you search the PPS Register?
Registering as a secured party group
Registering as an account holder
Registering a financing statement including information about the details required to create a registration
Verification statement and the importance of the ‘token’
Amending or discharging registrations
Searching the PPS Register
Priorities revisited.

Session 3: Impact on distributors and suppliers of goods

Distributors and suppliers of goods are likely to be those most affected by PPSA. This session will draw on the experiences in New Zealand and Canada and provide case studies to help better understand the issues involved.

The practical issues to be highlighted by this presentation include:

Key concepts revisited
Impact of insolvency – losing ownership of property
‘Perfection’ by other means in addition to registration
Registration by serial number – compulsory or discretionary?
What is a motor vehicle?
Checklist for a PPSA manual

Session 4: Impact on the building and construction and mining industries

Organisations involved in the building and construction and mining industries are likely to be among those most affected by PPSA. This session will draw on the experiences in New Zealand and Canada and provide case studies to help better understand the issues involved.

The practical issues to be highlighted by this presentation include:

Key concepts revisited
Who is affected, and how, by plant and equipment on site
Impact of insolvency – losing ownership of property
‘Perfection’ by other means in addition to registration
Registration by serial number – compulsory or discretionary?
Checklist for a PPSA manual.

Session 5: What landlords need to know – Impact on landlords and property developers

Because the PPSA expressly states that it does not apply to land there may be a misconception in some quarters that the PPSA does not apply to landlords or those involved in property development. This presentation will identify issues for the property industry and explain why and how they are affected, including:

Key concepts revisited
Landlords:
- What is a fixture? – registration of non fixtures
- ‘Lockout’ – Benefits of searching the PPS Register
- Duties owed to tenants and stakeholders
Property developers:
- Security interest in collateral not forming part of the land
- Protecting the value in the project
- Impact of insolvency on equipment on site and building materials yet to be installed
- ‘Perfection’ by ‘control’
- Duties owed to stakeholders
Searching the PPS Register – what to look for.

Session 6: Intellectual Property & the PPSA

The application of the PPSA and the PPS Register to intellectual property (IP) continues to cause some confusion. In this session we will deal with some of the misconceptions and explain the PPSA rules and exceptions as they apply to various forms of IP, including:

Key concepts and definitions
Licensing arrangements
Differences between the PPS Register and Patents, Trade Marks & Design registers
Will security interests on other IP registers transition to the PPS Register?
Benefits of registering IP on the PPS Register
Risks of not registering IP on the PPS Register
Impact of insolvency – losing ownership of IP.

Session inclusions

All delegates will receive a copy of the presentation and any handouts.

Who should attend

Practice/business – advisors, accountants, lawyers, proprietors etc

CPE Hours

Earn 9.0 CPE hours for the series (or 1.5 CPE hours per session)

*Purchase the full 6 Part Series to receive 10% off the individual session pricing