Final day to protect your transitional security interest under the PPSA!

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A transitional security interest (TSI) is an interest in personal property which existed prior to 30 January 2012.

During the 2 year transition period to the PPSR, secured parties have enjoyed “temporary perfection” for their TSI without the need to register on the PPSR. That transition period expires at midnight on 31 January 2014.

If you hold a TSI that is not registered on the PPSR, you must do so before midnight on 31 January 2014 to preserve the priority status for your TSI. Failure to do so means you could potentially lose your assets altogether if the grantor becomes insolvent or bankrupt.

We urge you to contact us immediately on (07) 3223 6100 if you require any assistance in relation to your TSI or have any general PPSA/PPSR queries.

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