Charge documents under the PPSA
A lot of clients have asked us if there are any changes needed to a Deed of Charge for them to be entitled to lodge a floating charge over a company's assets and further a particular charge over the Management rights (if applicable) to secure their interests.
Answer: There is no set form under the PPSA for charge documents, ASIC form 309 no longer exists, a charge can be entered into the PPS register by means of completing an online form. You can also use this form.
Matthew Bransgrove is a partner and occasional lecturer for the College of Law. He has practised exclusively in the field of mortgage law and mortgage related litigation since 1998.
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Charge documents under the PPSA - 21 February 2012
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