LexisNexis is proud to announce the release of a new commentary and legislation work, Personal Property Securities in Australia.
Personal property is, broadly speaking, property other than land, buildings and their related fixtures.
The new personal property securities regime brings together over 70 Commonwealth, state and territory laws into a cohesive national system. It will replace over 40 disparate registers with a single national Register.
The new regime will affect financing, supply of goods on a retention of title basis, leasing, company charges, purchase and sale of personal property, bankruptcy and corporate insolvency. The foundation of the new regime is the Personal Property Securities Act 2009.
Understanding these changes now is crucial for commercial and general law practitioners in advising their clients on compliance, transition and enforcement.
Although the Register will not be in operation until May 2011, the new regime makes dramatic changes to the language, procedures and requirements of creating and enforcing interests in personal property. The changes are nothing short of seismic.
For more information, and to download sample chapters, please visit www.lexisnexis.com.au/ppsa. Subscribers -click here.