The Personal Property Securities Act 2009 (PPSA) is one of the most
significant legislative reforms to affect the Australian finance and commercial sectors for many years.
The PPSA is scheduled to come into force in October. It will introduce a nationwide register for security interests in personal property in Australia.
Personal property is not merely property owned by individuals as the name suggests. The term “personal property” is used to distinguish the concept from “real property” (land). Personal property includes all property of both companies and individuals, except land and certain other limited exclusions.
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Michael Sheng is a partner in the Shanghai office, and Lionel Meehan is a senior associate in the Melbourne office, of Blake Dawson
Blake Dawson Shanghai office
Suites 3408-10, CITIC Square
1168 Nanjing Road West, Shanghai
Postal code: 200041
Tel: 86 21 5100 1796
Fax: 86 21 5292 5161
E-mail:
michael.sheng@blakedawson.com
lionel.meehan@blakedawson.com
www.blakedawson.com
