Remember how much fun it was to register to protect your security interests on the Personal Property Securities register (PPSR) when it came into force in 2012?
If you answered ‘yes’, then the fun will return this year as many of those registrations will come up for renewal in January 2019. This is because by far the most common duration of registration has been 7 years. So, hundreds of thousands of registrations will be subjected to expiration next year, unless they are renewed.
Those with long memoires might also recall the confusion that reigned over technical aspects of the registration process, which lead many businesses to register multiple interests, on the basis that “it’s better to be safe then sorry”. [...]
