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Thursday, August 18, 2011

REVs and Personal Property Securities Register

REVS is a business service provided by NSW Fair Trading which can tell you if a motor vehicle or boat you are thinking of buying is carrying a debt.

A National Personal Property Securities Register will exist from October 2011.
Australian businesses will benefit from significant changes to commercial law by bringing significant elements of commercial law under a single, national system that will focus on secured lending and purchasing.

If your business supplies or receives goods on retention of title basis or on consignment, bailment or lease you will be affected by this reform.


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