Cooper Grace Ward is proud to announce prestigious international legal research firm Chambers & Partners has listed lead litigation and dispute resolution partner Rocco Russo and his team in its ...
A transitional security interest is an arrangement or transaction that commenced prior to 30 January 2012 and, if it had commenced after 30 January 2012, it would have created a security interest under the PPSA. If you have a transitional security interest, you are, in most cases, temporarily protected until 31 January 2014, even if you have not registered your interest on the Personal Property Securities Register (PPSR).
This transitional protection period ends at midnight tomorrow. Businesses who fail to register their transitional security interests by that date risk losing their assets on a customer’s insolvency.
If you have not already done so, we encourage you to register your security interests on the PPSR.
For more information on the PPSA please click here, or contact a member of our PPSA team.
This publication is for information only and is not legal advice. You should obtain advice that is specific to your circumstances and not rely on this publication as legal advice. If there are any issues you would like us to advise you on arising from this publication, please let us know.
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Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.