Corporate and M&A

Christmas comes early for businesses overwhelmed by PPS leases

In a long-awaited reprieve for businesses whose commercial activities involve the regular leasing or hiring of motor vehicles and other serial numbered goods, the commencement of the Personal Property Securities Amendment (Deregulatory Measures) 2015 Act (Cth) (Amending Act) will remedy one of the hire industry’s major gripes with the Personal Property Securities Act 2009 (Cth) (PPSA). 

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