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 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:
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Key concepts revisited
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Landlords:
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What is a fixture? – registration of non fixtures
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‘Lockout’ – Benefits of searching the PPS Register
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Duties owed to tenants and stakeholders
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Property developers:
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Security interest in collateral not forming part of the land
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Protecting the value in the project
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Impact of insolvency on equipment on site and building materials yet to be installed
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‘Perfection’ by ‘control’
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Duties owed to stakeholders
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Searching the PPS Register – what to look for.
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
This session is part of the following series
PPSA Series: Personal Property Securities Act 2009 - What you need to know
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