Insolvencies at historic high, as long awaited ‘insolvency tsunami’ arrives
14th May 2024

Commercial credit demand improving, but small business owners continue to bear the brunt of difficult market conditions

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The devil is in the detail when it comes to registering on the PPSR. To register successfully, you need to understand the jargon and the fine print. Where to start? Take a look at your security agreement.

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Unfair Preference Claim

What to do when faced with a liquidator pursuing you for alleged Unfair Preference Payments? Here Daniel Turk looks at the latest defences that may be available to creditors and how to assess your potential exposure under the Unfair Preference regime.

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Common PPSR Questions

When you don’t know the answer to a question, do you bluff, make up an answer or phone a friend? Although these tactics work in many situations, they won’t do you any favours on the PPSR. Choosing a wrong answer when registering a security interest can have disastrous consequences.

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After 20 years working in insolvency, Andrew decided he needed a change. In 2012 he switched professions to EDX from Equifax and has helped hundreds of businesses in Victoria and Tasmania register quickly and correctly on the Personal Property Securities Register (PPSR).

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Business owners and credit managers in NSW and the ACT turn to Malcolm when they need assistance with the Personal Property Securities Act (PPSA).

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PPSR Renewals

Registering business security interests to the Personal Property Securities Register (PPSR) is an integral part of any risk management strategy. Equally important is having the procedures in place to ensure these registrations are renewed before their 2019 expiry date.

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New research from Equifax indicates Victorians are highly receptive to conversion to solar power, battery storage and electric cars.

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Construction needs to get PPSR Ready

The project-based, contractual nature of the construction industry can leave the security interests of many businesses vulnerable. Failing to register security interests on the Personal Property Securities Register (PPSR) can prove costly, not just for the unregistered business, but also its contractors, sub-contractors, suppliers and consultants.

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Like all innovations, open banking has both good and potentially not-so-good consequences.

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Metcash is a large Australian wholesale distributor, delivering products to more than 10,000 retail premises and 90,000 wholesale customers across the food, grocery, liquor and hardware markets. Their retail brands include IGA, Foodland, Mitre 10, Home Timber & Hardware and the Bottle-O.

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