PPSA in Australia: the Year 3 Report is out

Key points The Personal Property Securities Act, after its first three years in operation, has undergone a detailed review undertaken by Bruce Whittaker. The Report recommends keeping the fundamental architecture of the PPSA, but with many detailed changes to improve its efficiency. If implemented, the recommendations offer significant improvements and streamlining for secured lenders and […]

Three years of PPSA cases

The Personal Property Securities Act 2009 (Cth) (the ‘PPSA’) came into full force just over 3 years ago, on 30 January 2012. It significantly reformed the law of taking security over goods and almost all other kinds of property, other than land, in Australia, and established a new registration system for security transactions. Three years […]

Crowd sourced equity funding – coming soon to Australia?

Crowd sourced equity funding, or CSEF, means allowing companies to raise comparatively small amounts of equity funding from a spread of investors, usually using an online platform. Currently this isn’t easy for start-up or entrepreneurs in Australia, but it looks like the government is moving towards reform to make it possible.  A press release a […]

PPSA in Australia: the Year 3 review

It is now 3 years since the Personal Property Securities Act came into full force on 30 January 2012. The PPSA reformed the law of taking security over almost all kinds of property except land.  For some secured lenders, things ultimately became much simpler: a single register replacing multiple different State-based, grantor-based or property-based registers. […]