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Personal Properties Securities Act (PPSA)

Register or perish: the Personal Property Securities Act and its impact on art dealings

If you consign your artworks to a gallery, new laws make it important for an artist to register their ownership or risk losing all if the gallery goes under.

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Personal Properties Securities 101

As foreshadowed in an article “Don’t get the blues when your gallery is in the red” in ART+law in September 2011, and explained in greater detail in Register or perish: the Personal Property Securities Act and its impact on art dealings in December 2011, the Personal Property Securities Register has arrived. The scheme commenced on 30 January 2012 under the Personal Property Securities Act 2009 (Cth) (Act).

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Personal Property Securities

The Personal Property Securities Register (PPSR), created under the Personal Property Securities Act 2009 (Cth), is in force since 30 January 2012. The Australian Government has just issued a fact sheet entitled “Artists: What you should know about the PPS Register”, available from the PPSR website, to provide some general guidance to artists as to the operation of the PPSR. (Additional fact sheet Indigenous artist and art centres: What does the new law mean for you?)

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View NAVA and Arts Law's seminar on the PPSA

 

In the above video, NAVA and Arts Law present an overview and key terms of the Personal Property Security Register.

 

 

In the above video, NAVA and Arts Law present an outline how to use the Personal Property Security Register.

 

 

In the above video, NAVA and Arts Law answer audience questions in a Q&A.

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