Overview

Nobody likes doing business with a late (or worse, non-) payer.

Knowing who you’re doing business with and their level of risk can help you to negotiate better terms and manage your cash flow and customer relationships.

SwiftCheck puts the power back in your hands.

Avoid late paying customers and manage your cash flow

For $99.95 a SwiftCheck credit report tells you:

  • How risky your customer is
  • How late or promptly your customer pays their invoices
  • If your customer has any recorded legal action
  • Registered ASIC information on the business and its directors

What is PPSR?

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The Personal Property Security Register (PPSR) is like an electronic ‘bulletin board’ of financing statements that record security interests granted over personal property. The details of the security interests are directly entered onto a single national electronic register.

What do users need to know about this product before they can acquire it?

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The Personal Property Securities Register (PPSR) is a national online register that lets you register your interests in personal property. Searching and registering on the PPSR is critical risk protection if you are extending credit, selling on terms or leasing to a customer.  

Personal property includes all forms of property other than land, buildings and fixtures, for example, machinery, cars, boats, crops, livestock and equipment.

How do I register on the PPSR?

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Before registering on the PPSR, we recommend you obtain independent legal advice. For general advice on Personal Property Securities Act (PPSA) compliance, including compliance reviews of your PPSR registrations, Equifax has a team of former insolvency, credit and legal professionals to help you formulate your approach.

Once your PPS registration policy is ready, we have a comprehensive range of products that help you efficiently and accurately create and maintain PPS registrations.       

Can I make bulk entries to the PPSR via Equifax?

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Yes, we have a batch service that can help you quickly work through a backlog of registrations that you may need to create, amend or discharge. Talk to your Account Manager to find out more. 

How can I validate my entries prior to searching or registering on the PPSR?

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Equifax’s Entity Verification service (Organisation ID or Org ID) helps validate an entity against the Equifax databases as well as ASIC and other third party databases.

Our VIN Validation service validates VINs against POLK, to help you check you are searching or registering against the right motor vehicle.

These checks are based on the information you provide and help to ensure identifiers are entered correctly, reducing the risk of an invalid result.

When searching, I find it hard to assess general security interest priority (AllPAAP, or All Present and After Acquired Property registrations). How can Equifax help?

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PPSR in Visualisation has a unique AllPAAP Timeline feature which flags the secured party with the earliest AllPAAP, helping you to assess which secured party has priority. The AllPAAP Timeline uses original ASIC start dates rather than Register Commencement Time, where present, in order to help with this assessment.

Can I search with just an ABN or ACN and no company name?

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Yes. With Equifax, you can easily search on any, or all, of an organisation’s identifiers, in accordance with your search policy.

Do I get a PPSR Search Certificate at the end?

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Yes. Once you conduct a PPSR search, you will have the option to download the search certificate. If there are many registrations, we have a “Bulk Download” feature, so that you can obtain all search certificates at once. 

What is the process required for obtaining a Fastcheck report on a company?

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Please see the accompanying document titled “IQ Connect/ABR International reports ordering process” to understand the ordering process from either the IQ Connect or the ABR website.

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