June 2012 – Kate Oaten – Personal Property Security

Andrew Blogg and Kate Oaten from Aitken Lawyers & Advisors:  Personal Property Security:
On 30 January 2012 the Personal Property Securities (‘PPS’) regime came into effect. The reform has had, and will continue to have, a significant impact on manufacturers and suppliers, who commonly sell their products on a part-payment basis. Manufacturers and suppliers will need to register their security interest on the PPS Register to ensure that all their security arrangements remain effective. Businesses that fail to take into account the new regime risk losing property, including property to which they have title, should a company with which they have dealings enter into liquidation. It is essential, therefore, that you or your professional advisor conduct a review of the risks to you and your company and your terms of trade.

There will be a cameo appearance by Jock Forbes, an agronomist, who will talk about a Smart Water Grant project to treat reclaimed water used to irrigate playing fields at Werribee. The soil on which the ovals are built was once sea floor and it contains Sodium and the irrigation water is quite salty.   The net result is that the ground becomes waterlogged and the grass does not flourish.   Jock will explain why and what can be done to alleviate this problem. He will also describe the construction of a new treatment process and the results it has achieved.

June 14th 2012


Venue: The Kooyong Lawn Tennis Club at 489 Glenferrie Rd  Kooyong VIC 3142