Our office has received the following information from the Australian Government.
"Important Australian Government information about the Personal Property Securities Register (PPSR) – an online register introduced on 30 January 2012 that protects your business when buying, selling or leasing out property including valuable goods, stock, vehicles, machinery, office equipment, crops and livestock – almost anything except real estate.
Are you selling on terms, such as retention of title, or leasing out valuable goods?
Registering your interest in goods which you haven't been paid for can help you to recover the debt if your customer doesn't pay or becomes insolvent.
The two-year grace period to register any interests not yet registered is about to end!
ACT NOW to register any outstanding pre-PPSR interests on the Personal Property Securities Register before the grace period ends on 31 January 2014.
For more information about the PPSR, the grace period, or to search or register an interest, visit www.ppsr.gov.au "