The Attorney General’s Department is proposing that Register Commencement Time (RCT) be delayed by three weeks to 31 October 2011.
The extra three week period will be used for non-functional tests before data migration begins on 28 August.
Register fees are expected to be confirmed in July.
Secured parties will be able to apply for credit using the credit application form to be available on the ITSA website by the end of July. All applications received at least one month before RCT will be processed before RCT, otherwise there will be a credit approval period of 14 days from the time that the completed application is received.