Banking & Finance

the-bank-1General Finance
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:

  • general mortgage and loan documentation;
  • acquisition of business and assets;
  • project financing;
  • convertible notes;
  • seed financing documentation;
  • property and construction finance; and
  • restructuring / refinancing.

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:

  • drafting an appropriate security agreement to be registered on the PPSR;
  • registering a Personal Monies Security Interest on the PPSR;
  • transitioning an existing security interest to comply with the PPSA;
  • drafting an appropriate PPS lease; and
  • drafting appropriate ‘terms of trade’ or engagement letters that deals with retention of title to comply with the PPSA.

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.

Levels 5 (Main office) and 9 (Property group)
Corporate Centre One, 2 Corporate Court
Bundall , QLD, 4217 Australia
Phone: (07) 5592 1921

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