PPSR registrations – seven year period ends 30 January 2019
14 December, 2018Commercial LawCommercial Law & Business TransactionsConsumer LawDispute Resolution, Insolvency and LitigationNews & UpdatesProperty Law, Development & Conveyancing
Goods with serial numbers that are registered on the Personal Property Securities Register (‘PPSR’) are secured for a maximum period of seven years from the date of registration. From 30 January 2019, it is possible that PPSR registrations (registered for seven years) will start to expire.
If you have serial numbered items registered on the PPSR, you should check the expiry dates for their PPSR registrations and see when they need to be renewed. If a registration expires, you may become unsecured and lose the security.
The PPSR website sets out how to renew PPSR registrations to avoid expiry. You can go to the site by clicking here.
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Please note that this article has been prepared by Margaret Miller, partner of Bell Legal Group, for information purposes only. It is not legal advice nor should it be relied upon as such.