Essential Skills: Insolvency
PPSA - part 1
The Personal Property Security Act (PPSA) is a highly technical and complex area for insolvency practitioners in Australia.
In part one of our PPSA training you’ll receive a clear and concise overview of the Act, covering the key principles, priority of registrations, timeframes for registration, and vesting rules and how they’re impacted by the various external administrations.
The course also includes a practical guide to the Personal Property Security Register (PPSR), including reviewing registrations, searching the register and insolvency practitioners’ obligations on appointment.
Learning objectives
At the end of this course you will be able to:
- Explain the key concepts of the PPSA and how it impacts a security interest over personal property.
- Describe the key principles of attachment, enforcement and perfection.
- Recognise the priority and ranking of security interests on the PPSR including treatment of purchase money security interests (PMSI).
- Describe the effect of an external administration on personal property in the possession of an insolvent entity including circumstances when a security interest will vest.
- Search the PPSR, differentiate the different types of registrations, recognise the implications on the appointment and identify defective registrations.
Prerequisites
We recommend you complete the Introduction to Insolvency Program, or have one year of on-the-job experience prior to attending this course.
CPE
Up to 1.5 CPE hours.
Please note our enrolment and cancellation policy . For further information contact our education team.