Hire and Rental News - February 2019

LOOKING FOR AN OPPORTUNITY IN WESTERN AUSTRALIA? For Lease: New showroom plus display yard in WA’s blue-chip industrial area Ideal space for hire or rental company: Dual street access, main street exposure, excessive parking and affordable rent Join Bridgestone, Chicken Treat (opening mid 2019) and a 24/7 service station Flexible lease terms. Generous incentives. PERTH CBD 9km LEACH HWY 500m AIRPORT 8km ORRONG ROAD AVAILABLE TENANCY FOR FURTHER INFORMATION: Ben Graham | 0422 226 969 | ben@warringtonproperty.com.au PPSA deadlines expire in 2019 after seven years in effect All members are reminded the PPSA has now been in force for seven years which means equipment registrations made at the time the PPSA started may have now expired. U nder the PPSA registration procedures adopted by many hire businesses, registrations protecting equipment were often made to stay in force for seven years. The PPSA came into effect in January 2012 and the seven year period for those early registrations ended in January 2019. James Oxenham, HRIA CEO said HRIA members should review their registrations and consider implementing procedures to monitor expiry of PPSA registrations. “It is possible other expiry dates apply depending on the way registrations were made. Members might also consider removing registrations when they no longer deal with a customer in a way that leads, or could lead, to the PPSA being applicable,” James said. The scope of the PPSA was greatly reduced on the 20th May 2017 following extensive lobbying by the Association. “Hire leases are no longer caught by the Personal Property Securities Act unless the hire extends for more than two years. But bear in mind when calculating the two years, you also count the period of options if either you or the customer have an option to extend the hire. The May 2017 changes are not applicable to hires entered into before that time,” James said. Another deadline to keep in mind is hires entered into soon after the changes to the Act (eg: on 21 May, 2017) will be approaching the two year threshold in 2019. “If there is a prospect of the hire exceeding the two years, you need to consider re-registering before it expires.” Meanwhile the HRIA is continuing to push for reform on the PPSA. The Association’s PPSA Committee met with the Attorney General’s department at the end of last year and put forward a proposed solution to remove the hire industry entirely from the PPSA. “We will continue working with government and civil servants to fight for the best outcome for the hire industry,” James said. n Contact James Oxenham at the National office on 02 9998 2255 or for legal advice contact Oliver Shtein at Bartier Perry: OShtein@bartier.com.au HRIA Chain of Responsibility Awareness Course now available To raise awareness of the changes to Chain of Responsibility legislation introduced last October, the HRIA has launched an online awareness course covering the safety of transport-related activity. Available to both members and non-members (such as sub- contractors) the course takes about one hour to complete and costs $45 + GST. A statement is awarded upon successful completion and a soft copy of the training is securely stored for reference. n Visit: https://hria.mygo1.com/p/#/ app/course/6108003/overview to enter the HRIA’s online awareness course or visit the National Heavy Vehicle Register at www.nhvr.gov.au for full details of CoR legislation. HIRE AND RENTAL NEWS FEBRUARY 2019 P5 ASSOCIATION NEWS