31 January 2014 Deadline: Personal Properties Securities & Intellectual Property

On 31 Janury 2014, the transitional period for businesses to record any security interest existing before the commencement of the the Personal Properties Securities Act 2009 (Cth) (PPS Act) expires (please see our previous blog post on this topic).

IP Australia have advised that Security interests recorded on IP Australia’s registers are not being automatically migrated to the PPS Register.

For those with security interests in Intellectual Property (IP), to ensure the security interest will rank ahead other creditors, we recommend all secured IP interests recorded on IP Australia’s registers prior to 30 January 2012 be recorded on the PPS Register before 31 January 2014.

If you would like further information or advice on this matter, please contact Leonie Heaton on +61 3 9614 1944

If you would like searches conducted on security interests either on the PPSR or IP Registers, please contact Rodney Chiang-Cruise on +61 3 9622 2100