PPS reform involves the introduction of a national commercial law affecting all secured financing that is associated with personal property. It brings together the different Commonwealth, State & Territory laws and registers regarding personal property security interests under one national system and introduces a single national online Personal Property Securities Register.
This extremely timely forum running from the 28th - 30th of August 2012, has been specifically designed to provide you with critical information about PPSR during the implementation phase.
The conference is an opportunity to discuss implementation challenges including the period of adjustment involved in using new systems, the shift of relevant laws, new T&C's, and how to deal with the practical challenges associated with the myriad of changes.
So, why the urgency and how does this affect you?
The PPS Register and associated regulations went live 30 January 2012.
- From 30 January 2012 anyone who wishes to take security over a personal asset (excluding real estate) must have that security recorded correctly on the new PPSR if they wish to claim title on that asset
- All financial institutions must be able to use the system to protect their title. All their existing security interests need to be uploaded to the new PPSR prior to the pending implementation date if they wish to retain clear title
- Asset suppliers need to be aware of these critical changes. This includes a huge range of asset classes including motor vehicles, marine, IT, hospitality, aircraft, fit-outs, machinery: construction, mining, agricultural, manufacturing, printing, logistics, and many more...
Such significant changes invariably bring about many questions, raise concerns and highlight implementation challenges associated with the roll over. That's why keynote speaker David Bergman, the actual Registrar for the PPSR is working with us to present you with a top quality programme designed to answer all your questions and help you successfully navigate your organisation through the minefield of change.
|
