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 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.
All delegates will receive a copy of the presentation and any handouts.
Who should attend
Practice/business – advisors, accountants, lawyers, proprietors etc
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
This session is part of the following series
PPSA Series: Personal Property Securities Act 2009 - What you need to know