Personal Properties Securities

Personal properties securities reform has significantly changed the way personal property is protected in Australia. This page contains information to assist practitioners in understanding the changes and avoiding the traps in the new requirements.

Resources
Articles
Alerts
Checklists
FAQs

Practitioner Resources

Important Changes to Court Procedures and New Forms for the Sale of Land, Leasing and Enduring Powers of Attorney

Leases, Resources and information, Personal Properties Securities 20 Nov 25

Solicitors should be aware of recent changes to practice requirements in the Supreme Court and County Courts of Victoria, as well as updates to the contract of sale of land, lease of real estate, and changes to prescribed forms for enduring powers of attorney.

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Checklists

Personal Property Securities – practice management

Personal Properties Securities, Personal Properties Securities 15 Jul 24

LPLC has created this Key Risk Checklist for practitioners dealing with Personal Property Securities matters.

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FAQs

Personal Properties Securities FAQ

Personal Properties Securities, Personal Properties Securities 06 Sep 16

Search for frequently asked questions relating to the Personal Property Securities Act 2009.

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LPLC Articles

Searching the personal property securities register

Personal Properties Securities 17 Apr 26

Searching the Personal Property Security Register (PPSR) is an important task that solicitors are often required to do, but it is not always straight forward, and sometimes multiple search methods are required.

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LIJ Articles

Common PPS mistakes and how to avoid them

Personal Properties Securities, Personal Properties Securities 09 Apr 26

Errors in registering, searching or advising in relation to the personal property security register are a potential area of risk for clients and their practitioners.

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Alert

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

Personal Properties Securities, Personal Properties Securities, Professional Responsibility 11 Jul 17

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.

Originally published in March 2012 and updated July 2017.

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Alert

Sale of Land and the PPS Act

Conveyancing, Leases, Mortgages, Personal Properties Securities, Mortgages, Personal Properties Securities 11 Sep 13

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 sale of land may be subject to a lease where the vendor may have received a cash security deposit from the tenant.
The sale of land may be subject to a lease where the vendor may have also leased goods to the tenant.

The LPLC recommends that practitioners consider the matters in this Alert when acting in relation to the sale of land.

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Alert

Sale of Business and the PPS Act

Personal Properties Securities, Sale and Purchase of Business, Personal Properties Securities 11 Sep 13

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 sale. This Alert is not intended to be a comprehensive list of what to do in a sale of business, but to highlight issues in relation to the PPS Act.

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Checklists