Changes to the PPSR for your business

Recently the federal government introduced legislation which will change the criteria for registering leases on the Personal Property Securities Register.

The change will mean that no registration is required unless the lease is for over two years. Also, for leases that are on an indefinite basis, two years must elapse before you are required to register the property.

This may significantly change the amount of registrations that you are required to complete. We will keep up-to-date with these proposed changes, and will inform you when they will become law.

Our firm would be happy to chat with you if you require any further clarification on this situation. Please do not hesitate to give us a call 02-9715 2977

Best regards,

Oracle Accounting Group

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