PPSA and the Hire and Rental Industry
Hire businesses across Australia have been at risk under the Personal Properties Securities Act (2009). The HRIA worked hard with its legal team to have this redressed. Finally, on 19 May 2017 Royal Assent was granted to the PPS Amendment (PPS Leases) Bill 2017, which becomes part of the Act from 20 May 2017.
On this PPSA-specific webpage you can track the work that went on behind the scenes and how the hire industry's PPSA issues were resolved. Thanks to everyone involved in achieving this excellent result for the hire industry and special thanks go to Nationals Senator John Williams and his Chief of Staff Greg Kachel plus our dedicated team of Gary Kerr, Tim Nuttall and Oliver Shtein who kept going when many others would have given up.
Please see "Proposed changes to the PPSA - April 2017" (third from top) which will explain recent changes and aswer your frequently asked questions. After publishing this document, the changes we anticipated were effective from 20 May 2017.
James Oxenham, CEO HRIA