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PPS Start Date Delayed 9 July 2009

The Attorney-General, Robert McClelland, yesterday announced that the introduction of Personal Property Securities Reform would be delayed to May 2011 instead of the original start date in May 2010. Lewis Holdway's submission on the Personal Property Securities Reform recommended, amongst other things, that the starting date for reform be delayed.

Currently security over personal property is managed in many different ways according to the type of personal security and the jurisdiction that you're in. The Reform will establish a national registration system and dispense with the 70 odd pieces of legislation currently in operation.

For further information, please contact Chris Morey on (03) 9629 9629.

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