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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Would your PPS registrations pass a 'health check'

The renewal process for the Personal Property Securities Register (PPSR) can be complex and time consuming, particularly for businesses that don’t have a dedicated internal resource.

If a registration isn’t renewed accurately, it may limit or invalidate the rights of the business to get the goods back or be paid. In this article, we provide insight into how to ensure all of your PPS registrations would pass a ‘health check’ when renewed.

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4 things to remember when registering on the PPSR

Addressing the task of renewing your PPS registrations is a great time to ensure that your registrations are correct. Incorrect registrations could mean loss of your security interests.https://www.edxppsr.com.au/contact

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Is your business exposed to risk

We’re all guilty of delaying difficult tasks. Of leaving jobs until right before the deadline because that’s when we feel motivated. But when it comes to renewing your security interests on the government’s Personal Property Securities Register (PPSR), this is a serious deadline to sit up and take notice of.​​

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A motor vehicle hire company had suffered million-dollar losses to an insolvency practitioner when they contacted EDX for help.

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The Personal Property Securities Register (PPSR) is a complex beast, and many businesses don’t realise is that it’s a “to the second” registration. If businesses leave their registration renewals to the last minute, they run the risk of their registrations lapsing and losing all the protection they have over their personal property.

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SYDNEY, Monday, 16 April 2018 – Demand for new alternative finance increased 130 per cent in H2 2017[1], compared with the same period the previous year, according to newly released data from Equifax, the global information solutions company and the leading provider of credit information and analysis in Australia and New Zealand.

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SYDNEY, Tuesday 10 April, 2018 – The number of Australian companies entering external administration (ex-ad) decreased by 20 per cent year-on-year in Q4 2017, but there are still pockets of concern according to newly released data from Equifax, the global information solutions company and the leading provider of credit information and analysis in Australia and New Zealand.

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Small and Medium Enterprises urged to keep a closer eye on finances as they approach their four-year milestone.

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