The Personal Properties Securities Act 2009 (Cth) (PPSA) and commercial property leases to the untrained eye appear to be fundamentally separate areas of law in that the former deals with personal property and the latter land. However, there are instances where the law overlaps and the failure to register certain items, particular in an insolvency scenario, may lead to the loss of priority. This whitepaper examines when a commercial lease will equate to a “PPS Lease” and offer effective ways for entrepreneurs and Small to medium enterprises to protect personal property.