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.
Like all innovations, open banking has both good and potentially not-so-good consequences.
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.
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.
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
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.
A motor vehicle hire company had suffered million-dollar losses to an insolvency practitioner when they contacted EDX for help.
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.
