We have been advised by the Attorney General’s Department that the Personal Property Securities (PPS) Register is now expected to commence in early 2012. The Attorney General will make an announcement later this year confirming the exact commencement date for early 2012.
Under section 306(2) of the PPS Act the registration commencement time is 1 February 2012, unless the Attorney-General determines an earlier time (based on Royal Assent having been given on 14 December 2009).
Otherwise, the Act may be amended to provide a later register commencement date.
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Posted 13th September 2011 by admin in Personal Property Securities