PPS Register launch delayed

The government has announced that the Personal Property Securities Register (PSS Register) has been built but the need for a final stage of testing means that the scheduled public release date of 31 October 2011 will not be achieved.

By virtue of s306 of the Personal Property Securities Act 2009 (Cth) (PPSA), the registration commencement time is to be no later than 1 February 2012. The government is therefore working towards having the PPS Register publicly available by 30 January 2012. It is possible the government will attempt to pass an amendment to the PPSA to extend the registration commencement time past 1 February 2012.

We will update you with any further changes as we become aware of them.