ALB Masterclass Series - PPS Reform Workshop

25 May 2010 - Sir Stamford at Circular Quay, 93 Macquarie Street, Sydney
27 May 2010 - Stamford Plaza, 111 Little Collins Street, Melbourne

All sessions run from 1.30pm - 4.30pm (Includes 30min refreshment break)

Highlights

• Learn about one of the most significant commercial law reforms in recent years
• Gain knowledge to help you rewrite documentation to protect security interests
• Ensure you stay informed on the National PPS Register
• Improve your understanding of ongoing compliance issues to avoid penalties
• Equip yourself with awareness of risk and insolvency issues

Please email eventqueries@keymedia.com.au for further information.

Click on the image to download a copy of the latest brochure

          Sydney                            Melbourne

Agenda
(This agenda varies across each state. To view the agenda specific for your state, please use the brochures above)

The Personal Property Securities Act (PPSA) - An Overview
• Examining what the PPSA will cover
• Understanding attachment, perfection and extinguishment
   - Different forms of perfection - registration, possession, control and temporary perfection
   - New extinguishment rules
• Introducing priority rules
   - Determining priority - Is the security perfected and if so, how?
   - PMSIs and other exceptions

Using the PPS Register
• Creating a registration - What details do you need?
• Searching the Register - What do you do with the information provided?
• What is the impact on 'transitional security interests' or 'migrated security interests'?
• Amending or removing a registration
• Using the PPS Register to resolve priority disputes - When is this an effective approach?

Complying with the PPSA
• Preparing for changes to documents and processes
   - All asset and specific property securities
   - Demise of the 'floating charge'
   - Credit agreements and commercial agreements
• Understanding and managing risk in the PPSA environment
   - How the priority and extinguishment rules change risk
   - Significance of title-based interests
   - Consequences of 'seriously misleading' and other defective registrations
• Considering implications for insolvency practitioners
   - Priority and validity consequences of failing to register security interests
   - Implications for title-based securities