Expiry of Personal Property Security Interests:
The Personal Property Securities register reached its 7 year anniversary on 30 January 2019.
The default registration period for a security interest starts at 7 years (although a security interest may of course be registered for a different period).
In any case, anyone who manages security interests should regularly check whether their registered interests are due to expire and consider whether the registration of their security interests may need to be renewed/extended.
If you have registrations that need to be extended, they must be extended before they expire to maintain priority.
If you require our assistance to renew/extend any registrations or have any other queries in relation to securities interests then please contact our office
on 02 6882 3133.