Personal Property Securities Act 2009 (Cwlth) – background and key concepts

11 July, 2017

Published March 2012 – updated July 2017 The Personal Property Securities Act 2009 (Cwlth) (PPS Act) commenced on 30 January 2012. Since then LPLC has received claims every year for mistakes by practitioners in dealing with PPS Act issues. This bulletin contains background information about the PPS Act and key concepts. Background NB: The PPS […]

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Land Leases and the PPS Act

11 September, 2013

1.  Introduction Practitioners for both landlords and tenants need to understand that the Personal Property Securities Act 2009 (Cth) (PPS Act) may apply to the lease of premises because: Sometimes a landlord of premises also leases goods to the tenant. A landlord may obtain a cash security deposit from the tenant. A landlord may provide […]

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Sale of Land and the PPS Act

11 September, 2013

1.  Introduction Practitioners for both vendors and purchasers need to understand that the Personal Property Securities Act 2009 (Cth) (PPS Act) may apply to a contract of sale of land because: Sometimes a vendor selling land, also sells goods to the purchaser. Sometimes a vendor selling land also transfers a licence to the purchaser. The […]

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Sale of Business and the PPS Act

11 September, 2013

1.  Introduction The sale of a business often includes the sale of personal property such as equipment, stock in trade and motor vehicles.  Practitioners for both vendors and purchasers need to understand what personal property is included in the sale and how the Personal Property Securities Act 2009 (Cth) (PPS Act) may impact on that […]

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