Radical and revolutionary – function over form. The Personal Property Securities Act 2009 (Cth) (PPSA) commences today and means that Australia now joins the United States, Canada and New Zealand with a comprehensive system for recognising, registering and enforcing security interests over personal property.
To help you navigate this complex issue and address the challenges it presents for your business, DLA have produced a guide - Australian Personal Property Securities Act: What it means for your business - explaining the PPSA essentials and providing answers to the most frequently asked questions clients ask.
Since the Melbourne hail storm on Christmas Day, to date, Allianz has received over 6,100 claims for domestic building and contents, commercial properties and motor vehicle damage, with an incurred value of approximately $44.1 million.
