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In a tale of two markets, Australia finds itself contending with starkly opposing realities in its real estate landscape. While the residential sector grapples with a severe shortage, commercial properties, particularly office spaces, are experiencing very high vacancies.
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What could be more frustrating than registering a security interest on the PPSR only to find out that you’ve still lost out?
That’s what happened to equipment leasing company Doka Formwork Pty Ltd. They lost around $1 million simply because they registered too late. Find out what happened and how your business can avoid the same fate.
Be prepared for a difficult road ahead if you’ve decided to go it alone on the PPSR. There’s no doubt you’ll encounter endless obstacles and numerous potholes. You may take wrong turns and find out that one accident can lose you thousands. Check out what happened to these companies.
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.
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.
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.
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).
Business owners and credit managers in NSW and the ACT turn to Malcolm when they need assistance with the Personal Property Securities Act (PPSA).
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.
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.
