Financing major transactions involves a significant commitment that is usually difficult to reverse if things don’t go quite the way you planned. We can assist with financial documentation and advice for a wide range of business transactions. These include:
At Ramsden Lawyers, we have the key expert knowledge to assist you in the area of finance Law.
Personal Property Securities Act
The Personal Properties Securities Act 2009 (Cth) (PPSA) and the Personal Properties Securities Register (PPSR) commenced operation on the 30 January 2012. While many individuals and businesses have ignored the alerts, registration of personal property on the PPSR is fundamental. Personal property is defined broadly by the PPSA and includes all tangible and intangible property including but not limited to motor vehicles, boats, machinery and equipment, crops, shares, intellectual property, receivables and contract rights.
The PPSA prescribes what must be done in order to perfect any security over personal or business property. This includes:
It is important to understand that the PPSA has far reaching implications for those businesses who structure their business by segregating parts of the business to protect certain assets. If proper regard has not been given to the PPSA then any attempts to structure a business in this manner may be pointless.
At Ramsden Lawyers we have the key expert knowledge and expertise in the Personal Property & Securities Act to assist you with in this area of law.
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