Australian Personal Property Securities Register and Intellectual Property issues

A very good article providing an overview of the Australian Personal Property Securities Register (PPS Register) the operation of which is now set to commence in October 2011 (moved back from 1 May 2011) has been posted to Mondaq by Shelston IP.

The register replaces most of the existing personal property security registers and financiers, lessors and suppliers are advised to take action to ensure that they don't lose their rights over assets or securities. The Personal Property Securities Act 2009 is the legislation that created the Register as part of the broad changes to the law relating to personal property securities it introduced. The new legislation covers traditional securities such as charges along with other transactions including retention of title arrangements and leases of goods. This focus of the Shelston article is on issues relevant to intellectual property but many of the points covered are also relevant to security interests over all forms of personal property.

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