TAG Tax

Personal Properties Securities Act 2009 ("PPSA") Now in Effect

Contact: ESV Chartered Accountants (New South Wales, Australia)

On 30 January 2012, the new Personal Property Securities Act (PPSA) came into force. The Act dramatically alters the way security is taken over personal property, and some aspects of commercial law

, such as the assignability of contracts and negotiability. It will impact on a wide range of businesses, not limited to those in the finance industry. If you have any questions on how this will impact you and your business, ESV can assist by advising and partnering with your commercial lawyer to manage this legislative change.

Please see the following link for further information: http://www.ppsr.gov.au/

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