PPS reform and the Co-operatives Act 1996
Written by David Griffiths Sunday, 30 May 2010 02:10
The Victorian Government is proposing to repeal Schedule 3 to the Victorian Co-operatives Act 1996 - effective from the commencement of the new Commonwealth Personal Property Securities (PPS) regime. A new Commonwealth-administered Personal Property Securities Register (PPSR) is proposed to commence in May 2011. It will replace all State and Territory registers on which security interests in personal property (broadly, property other than land or buildings) are registered. A security interest is a general term for a charge or other encumbrance over personal property.



