The impact of the Personal Property Securities Act on subcontractors and suppliers

Fact sheet
Registering a security interest in a project bank account (PBA) on the Personal Property Securities Register (PPSR) may protect you in the event of head contractor insolvency.
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Due to the Personal Property Securities Act 2009 (Cth) (PPSA) and insolvency law, it is important that a subcontractor or supplier registers its likely security interest in money in a project bank account on the Personal Property Securities Register (PPSR), in order to maintain its protection in the event of head contractor insolvency.

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