New Personal Property Securities Act – Is your business affected?

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Legislation labelled the Personal Property Securities Act (PPSA) came into being in Australia on 30 January 2012, and may have an impact on many Australian businesses.

The difficulty in easily explaining this area of law and the many types of securities that are affected, mean many Australian businesses are not aware of the impact of the legislation. In particular, businesses that have for many years employed a tried and tested way of securing interests in certain personal property can find that their system no longer provides proper protection of their interests.

Previously your business may have relied on what were variously called romalpa clauses or Retention of Title Clauses. If that is so you are most likely to be affected by the new Act, and must ensure you understand how the new Personal Property Securities Register works, to protect your interests.

Businesses that may be impacted include those that are:

- Involved in selling goods on credit and who have previously relied on “Retention of Title” clauses
- Financiers seeking clarification of the true assets, security and debt position of a client
- Businesses that lease equipment and plant, vehicles or virtually any other assets
- Companies that provide goods on consignment
- Business owners who are seeking to refinance and need to provide certainty of title in assets

Why do we need it?
Although many businesses and advisors were accustomed to the existing system, it was recognised that the previous mix of inconsistent and old-fashioned state-by-state securities arrangements combined with the Corporations Act rules for companies and other Federal rules were inefficient and would work much more effectively for all parties if they were brought under a single unified approach. The result is a detailed, and hopefully all-encompassing, code which draws on the systems that exist in countries such as New Zealand and Canada.

PPSA and its operational Register will cover both individuals and companies. It is based on the idea that it is in the best interests for anyone dealing with a company or an individual, who may extend credit to that individual or company, to enable them to gain an accurate picture of whether apparent assets are actually owned by that company or individual or only have a registered interest over them.

What should I do?
There are a wide variety of legal and non-legal articles available online which will help you gain a clearer picture of whether your business is likely to be affected by the new arrangements. Businesses located in North Queensland, particularly Mackay, should seek advice from a trusted local legal expert who has experience in commercial and business property matters.

This article is not legal advice and must not be relied on relation to any specific legal situation you may have. You should ALWAYS seek the advice of a qualified lawyer before taking any action in relation to your personal or business legal situation.

Looking for mackay solicitors, lawyers mackay or solicitors mackay ? Need advice about PPSA? Kelly Legal has built a formidable and experienced team of Mackay and Brisbane based lawyers who now offer a range of legal services throughout Queensland in all areas of law.

Are you neglecting your marriage or relationship?

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Remember the days when you first fell in love with your wife or husband? Those exciting romantic sexy days when you loved being in each other’s company and could chat for hours. You would do those special things for each other just to see the look of delight on his/her face. They were the days when your relationship was rich and dynamic and you felt fully alive because of it.

Now the “Limerance” stage is long gone, as it always does………. but have you replaced it with an even better version of a deeper fuller love? …..Or have you been taking your loved one for granted and busying yourself with other “more pressing” things, like jobs and children and work around the home, and finances and friends?

One of the most common stories I find in my private practice as a Psychologist specializing in Relationships is a “natural neglect” in secure relationships.

Even though everything in your shared life is based on a foundation of your love for each other, and your shared life together, it’s all too easy to take for granted that your relationship will always be stable, without realizing that it, too, needs attention and nurturing.

Perhaps you could have a good talk with your partner and ask him/her how satisfied he or she is in your relationship, on a scale of 1 to 10. Then follow it with the more important question of “What would make it a 10 for you?”

Keeping your relationship alive and vibrant needs constant attention, but not only does it make for a more satisfying relationship, but is one of the most enduring aspects of a life well lived.

In the twilight years of one’s life, thoughts more often than not turn to how well did I love and be loved, rather than how much money will I die with.

If you’ve let your relationship slip away from you, a relationship Psychologist can show you, in a few sessions, how to bring back the vibrancy, chemistry and love again.

The Hart Centre is a group of 51 Psychologists Australia wide who specialize in relationship counselling and marriage counselling. We have 15 Psychologists located throughout Sydney, so there is sure to be one near you. Phone the Hart Centre on 1300 830 552 for more details.

For relationship counselling Sydney, or marriage counselling Sydney contact the Hart Centre. Many marriages have been saved through couple counselling Sydney.

Double Glazing Windows

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Acoustic double glazing depends on the addition of a secondary glazing layer offset from an existing window, preferably by 100mm. Soundblock offer two solutions to double glaze windows for noise and thermal insulation – Magnetic Acrylic Double Glazing and Acoustic Aluminium Double Glazing. Article body:

What is Window Double Glazing?
Double glazing needs the addition of a secondary glazing layer offset from an existing window optimally by 100mm. Add our acoustic double glazing to your windows or specify our solutions on new projects. Double glazed windows eliminate noise transfer by up to 70% and remove heating costs by 35%.

Double Glazing System – Magnetic Acrylic Windows
Magnetic Window Soundproofing System functions very simply by adding a PVC sub frame on the inside of your window. This double glazing system greatly increases noise reduction. The acrylic window is sealed in place, creating an air space with the existing window, thereby producing an insulating barrier.

Double Glazing System – Acoustic Aluminium Windows
This double glazing system reduces the transfer of noise from outside to inside. These sound proof windows can be specially manufactured to meet specific size requirements. The Soundblock Aluminium Window System is an add on glazing system, creating a double glazed unit to reduce noise transmission through existing windows by up to 70%. In Addition it provides extra safety and security to the property.

How to Soundproof Windows
To successfully soundproof your windows you need to have a sufficient distance between your primary window and the edge of your internal window reveal. Ideally this gap is 100mm. This will allow an acoustic secondary window, either our Soundblock Acrylic Magnetic or Soundblock Aluminium windows, to be installed to effectively provide an overall sound reduction of 40-43db.

Noise reduction and soundproofing solutions
Established in 1999, Soundblock Solutions is a respected privately-owned Australian provider of soundproofing products and solutions. We can help to create a quieter, more comfortable environment in any surroundings, whether it’s in the home, office, marine, restaurants, hotels or industrial.

Representing leading Australian manufacturers of acoustic products, Soundblock offers a complete range of double glazing and window sound insulation and noise control products for commercial and domestic use. We will determine your exact noise problems and supply and install the most effective product or combination of products for your specific situation. Talk to us for expert advice and a comprehensive, cost-effective solution for all of your soundproofing, double glazing, noise control and acoustic requirements.

Soundblock are the experts in noise reduction and have found using window double glazing systems, that noise can be reduced by up to 70% or 41dB. Soundblock offer two solutions to double glaze windows for noise and thermal insulation.