The new personal property securities regime in the Personal Property Securities Act 2009 will commence in October 2011. It combines Commonwealth, state and territory laws into one national Register. The new regime affects leasing, financing, supply of goods with retention of title, company charges, purchase and sale of personal property, bankruptcy and corporate insolvency.

Any business that supplies goods by way of sale or lease or even by bailment has a risk of suffering significant losses in the future if they are unfamiliar with the changes and take the necessary steps to guard their rights. By contrast, businesses that are aware and utilise the Register will take advantage of the benefits by enforcing rights over personal property.