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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.
Teething problems and mistakes are great opportunities for learning, fine tuning and perfecting.
But learning from your own mistakes can be bitter. Learning from others is better.
Thank goodness for red squiggly lines.
Make a mistake on a Word document or an email and those jarring, but helpful red squiggly lines alert you to an embarrassing typo.
If only the PPSR registration process was similarly obliging.
Any good story will tell you the main facts, such as What, Who, When, Where, Why, How and How Much?
Forgetting to renew your car insurance and then getting into a bingle a couple of weeks later is annoying. What's worse, is not registering your goods on the PPSR – or registering them incorrectly – only to find out your customer has gone belly up.https://www.edxppsr.com.au/about-pps/ppsa-explained
