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Preparing for the end of the PPS transition period

The PPS transition period is officially ending on 30 January 2017. This is a critically important date in the calendar for secured creditors with migrated security interests.


To recap

Back in 2012 the PPS Registrar migrated security interests from all existing registers on to the PPSR. The vast majority of these registrations were from ASIC and REVS.

The information contained in these registrations was in many cases incomplete or non-compliant with PPS Regulations, leading to the decision that defective registrations would be effective for a transition period - to allow a period of grace for secured creditors to remedy the defects.


What does the end of the transition period mean?

The grace period is scheduled to end on 30 January 2017, so secured creditors who haven't yet acted need to now, or face the risk of their migrated security interests being open to challenge.


How EDX can help

EDX can help secured creditors to become PPS compliant before 30 January 2017. We can:

 
•    Identify relevant security interests;
•    Complete an assurance review to identify defects in registrations; and
•    Process amendments and/or new registrations to remedy the defects and ensure the desired level of protection.
 

Call the EDX team member in your state to discuss your requirements, and how we can help you.
 

SimonRead 2-1-571-975-691 AndrewMcLellan 2-751 LynneWalton 2-943 MalcolmPoslinsky 2-786
WA, SA & NT
Simon Read
0408 542 100
VIC & TAS
Andrew McLellan
0417 009 924
QLD
Lynne Walton
0427 917 440
NSW
Malcolm Poslinsky
0401 991 817
 

ABOUT US

EDX started its roots in New Zealand where EDX Limited has been consulting and providing registration services on New Zealand's equivalent of the PPSR for more than a decade. 

EDX Australia Pty Ltd commenced in 2010 and has established a network of Consultants making it the only national PPSA consulting and registration services provider in the country.

About EDX Pty Ltd

 

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CONTACT US

+61 2 9119 5065
edxsupport@equifax.com