Three determinations have been made under the Personal Property Securities Act in anticipation of registration commencement on 30 January 2012:

• Fees: The Attorney General has determined the fees to apply. The fees include:
  1. To apply to register a financing statement that has no end time: $130
  2. To apply to register a financing statement with an end time of up to the end of the day 7 years after the registration time: $7.40
  3. To apply to register a financing statement with an end time of more than the end of the day 7 years after the registration time and up to the end of the day 25 years after the registration time: $37
  4. To apply to search the register using a grantor’s details, using the serial number by which collateral has been described or using a unique identifier allocated to a registered financing statement: $3.70

The fees will be higher if a person requires the contact centre to process an application or produce a document.

• Priority of statutory interests: The Attorney General has determined to maintain the priorities that existed under the Corporations Act and Bankruptcy Act in relation to an administrator’s lien and a controlling trustee’s lien provided for under those Acts over company debts secured by a security interest.
• Reports: The Registrar of Personal Property Securities has determined that he may produce the following reports:
  1. The registration of a security interest if the grantor is not an individual
  2. Any other matter relating to registered data in relation to the person
  3. Registrations that are due to expire in a particular period
  4. Registrations conducted in a particular period
  5. Searches conducted in a particular period
  6. Transactions that incur a fee and are conducted on the Register in a particular period