If you are in business, you should be aware of the provisions of the Personal Property Securities Act 2009 and how it can affect you.
The PPSA changed the way in which security interests are dealt with. A person who holds a security interest in personal property (including a legal title holder who has given a security interest in that personal property) must register their interest on the Personal Property Securities Register (PPSR) to ensure they have a priority claim to that property. Failing to register your security interest could result in losing your title to another secured party.
Donoghue Legal can advise you of the implications of the PPSA and help with registration of security interests on the PPSR to ensure you are protected.
Contact us to find out more.