AFIV Member Meeting 22nd Feb
107 Raglan St
Port Melbourne VIC 3207
Australia
AFI-Vic Technical Meeting
Wednesday 22nd February 2012
AFI members, foundry personnel and associates are invited to attend a presentation on
New legislation: the impact Personal Property Security legislation will have on your business and property
Speaker – Mr Séamus Ryan, Aitken Partners
On 30 January 2012 the Personal Property Securities (‘PPS’) regime came into effect. The reform will have a big impact on manufacturers and suppliers, particularly those 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 they have dealings with enter into liquidation. It is essential, therefore, that you or your professional advisor conduct a review of the risks to you and your company.
AFI-Vic committee recommends all members attend this important briefing, in particular those supplying equipment to the new foundry school at NCAT.
Séamus Ryan is a lawyer in the Commercial Dispute Resolution Team of Aitken Partners, a Melbourne based law firm.