The Personal Property Securities Act 2009 (“PPSA”) came into effect on 30 January 2012, bringing with it a raft of changes to the enforcement of securities over personal property, including a new unified Federal law.
So you’ve spent countless weekends scouring the suburbs of Brisbane, or the Gold Coast for that perfect property and you think you’ve finally found ‘the one’ and are ready to put in an offer and sign a contract of sale. It’s right about now that you need to tap the brakes every so slightly. There’s no point rushing in and signing your name, as the entire conveyancing process will be dictated by this contract, so you want to make sure you’ve got it right before signing.
So you’ve had your property on the market for a while and have now signed a contract of sale and sold your property. First of all congratulations on the sale! While getting that offer may be exciting at first, we’re sure that a bit of stress is beginning to creep into your mind as you start to consider the long list of things you now have to take care.
The Personal Property Securities Act 2009 (“PPSA”) came into effect on 30 January 2012, bringing with it a raft of changes to the enforcement of securities over personal property, including a new unified Federal law.