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The 30th January 2012 saw the Personal Property Securities Register (PPSR) “go live” across Australia providing a consolidated and national register for the searching, registering and releasing of securities relating to personal property. Given that the PPSR is a completely new system and the scale of the PPSR, there was bound to be some teething problems. In the first week of operation, the PPSR experienced several issues relating to security data which was migrated from third party sources such as the Australian Securities and Investments Commission (ASIC)
and the States’ Fair Trading Departments. The caused problems for those wanting to conduct searches of the Register. Some users also experienced difficulties in registering new security interests.
At the time of writing, some two weeks since the Register came online, the majority of issues outlined above have been addressed. We are now receiving consistent and reliable search results. Macrossan & Amiet has access to the PPSR via our search agent Citec Confirm. We now have the ability to search register and release security interests relating to personal property.
If you require a search of the PPSR or your interests in an item of personal property protected, please do not hesitate to contact our office to speak with one of our PPSR experts.
About the author
Paul Formosa
Director
LLB
Paul commenced employment with Macrossan and Amiet in late 2010 and was admitted as a Solicitor of the Supreme Court of Queensland at Rockhampton in 2012.
Born and bred in Mackay, on completion of his senior schooling Paul moved to Townsville to obtain his Bachelor of Laws at James Cook University.
Paul provides clients with advice and assistance with a wide variety of legal matters with a focus on the areas of commercial law, securities law, property law (with a particular interest in rural transactions), and succession planning. In 2016 Paul undertook intensive and specialised migration law training enabling him to assist clients in relation to a wide variety of migration law enquiries including Business Visas, Family Visas, Skilled Visas and Employer Sponsored Visas.
Paul is married to Janelle, and they have three daughters, Lucia, Harriet and Josephine. Being fishing tragic, Paul enjoys spending weekends with his family out in the boat around Seaforth
Paul is available by appointment in Proserpine.
About Macrossan & Amiet Solicitors
For over 100 years, Macrossan & Amiet Solicitors has been a leading local law firm in Mackay, with offices in Proserpine and Cannonvale servicing the Whitsundays region. Our experienced solicitors provide professional legal services to individuals, families and businesses across regional Queensland.
Whether you need representation in court, assistance buying or selling property, or advice on protecting your assets, our Mackay lawyers are committed to achieving the best possible outcome for you.
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