Did you or your client have a security interest automatically migrated to the personal property security register in 2012?
When the PPSR was set up, it replaced many other public registers. Registrations recorded on over 35 registers were automatically moved across to the PPSR on 30 January 2012. Many of these registrations migrated with MISSING or INCOMPLETE fields.
The Personal Property Securities Act 2009 (Cth) has allowed 5 years for these discrepancies to be fixed up. This date will come to an end on 31 January 2017. It is essential to ensure your registration was effectively migrated.
We have been advised that over 20,000 individuals and organisations details were migrated ineffectively.
If you have received a letter from the PPSR and believe this may be an issue please contact our office immediately.