Commencement of operation of the new PPSA regime
A brief note to let you know of rumblings from the Attorney General’s Department foreshadowing a further delay to the commencement of operation of the new PPSA regime.
Originally pencilled for May this year, the “go live” date for the regime has been delayed once already to 31 October. The AG’s department are experiencing technical difficulties related to the online registration portal and migration of existing registers. For this reason, it appears there is now a strong possibility that the implementation of the regime will be delayed yet again.
I will keep you posted as more news comes to hand.