PPSA 'Motor Vehicle' Definition Changed
The definition of ‘motor vehicle’ for the purposes of the Personal Property Securities Act 2009 (the PPSA) is now narrower, following an amendment passed on 1 July 2014. The change will mainly affect organisations who hire equipment to customers, as some equipment will no longer be a ‘motor vehicle’ under the PPSA. Such items will no longer be ‘serial-numbered’ and consequently, different registration timeframes apply.
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