While our recent blogs focused on the PPSA’s impact for hire/rental businesses and for suppliers wishing to retain title, the PPSA also simplifies the ability to create security. At its most basic level, the PPSA is all about security. Hire businesses can obtain security over the equipment they hire, suppliers can obtain security for payment …
People love to hate the PPSA, but I’m not sure why? It’s a fantastic piece of legislation that helps protect many businesses from the insolvency of their customers. If you’re a business that sells goods/equipment/materials on credit terms you have good reason to comply with the PPSA. To be honest, compliance with the PPSA is the …
People tend to have a love/hate relationship with the PPSA. They love it when it saves them a lot of money and heartache, but they hate how complicated it is. If you were to sit back and write up the pros and cons of the PPSA you would soon realise that it is a fantastic …
You’ll be excited to learn a version of the Australian PPSA has been adopted by Papua New Guinea and is to commence in January 2016. If you are trading in PNG or have trade relations with any PNG businesses you will be affected. As in Australia, ownership no longer counts; it’s all about possession and …
Of the many hundreds of clients we’ve worked with, several are suppliers of machinery and parts. If that’s the industry you operate in, you may be aware the potential for customer insolvency is quite high. Machinery and equipment suppliers have often been caught short waiting on a payment for goods only to get the news …
Using The PPSA To Recover Machinery & Parts Supplies Read More »
Fuel distribution in Australia is a tough, competitive business with high costs, long distances and typically low margins. We have many national and state-based fuel distributors as clients, several of whom had previously suffered significantly from the insolvency of their customers. Ignoring the Personal Property Securities Act (PPSA) may have been a costly experience for them, …
How The PPSA helps Fuel Distributors Protect Their Securities Read More »
For many businesses, understanding the benefits of the Personal Property Securities Act (PPSA) can come a little too late. A good portion of the people who contact us are hoping to recover assets, rather than protect them. Our role is to safeguard your business and your assets before your client becomes insolvent. Several of the …
If you don’t work with the PPSA on a daily basis, you may feel like the PPS legislation is written in a foreign language. Not only is the law difficult to understand, it’s even more difficult to execute. Time and again, businesses across Australia think their security interests are protected, only to find out they …
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