×

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

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.

Back to Articles
Redchip

Recent Articles

kaitlyn-baker-vZJdYl5JVXY-unsplash (1)
It’s official – Electronic Signing for Companies is here to stay!

Thankfully, on 22 February 2022, the Corporations Amendment (Meetings and Documents) Act 2022 (Cth) (the Act) received assent, amending the Corporations Act 2001 (Cth) (Corporations Act). This legislation clarifies and makes permanent the temporary relief measures which had in place 2020. The Act establishes a permanent mechanism which allows for: The electronic execution of documents […]

Read more
Untitled design
Who is responsible to repair damage following a natural disaster?

1. Rent Abatement In most cases, a lease will contain a clause whereby the tenant’s obligation to pay rent and other money under the lease (such as outgoings) is abated (either partially or completely) while the Premises are inaccessible or incapable of being occupied. 2. Reinstatement The Lease may contain specific obligations on the Landlord […]

Read more
pexels-nothing-ahead-4502492
Significant Changes to Residential Contracts

What are the changes?   Extension of Settlement Date Recently, there have been media reports of buyers losing their deposits because of a failure of their financial institutions to be able to settle on the settlement date. This change allows for either party to extend settlement date by up to 5 business days from the […]

Read more