On 2 September 2011, the Commonwealth Attorney General's department advised that commencement of the Personal Property Securities Act 2009 (PPSA) and PPS Register will be delayed, as the proposed 31 October 2011 commencement date was not achievable.
A new proposed commencement date has not been announced. The start date cannot be extended beyond 1 February 2012 unless the PPSA is amended.
See PPS Register website.
This extension provides additional time for companies to determine how the PPSA will apply to their business and to amend their business documentation and procedures before the PPSA commences.