The PPSA can be confusing, particularly where trading trusts are involved. We’re often asked ‘how do you create a Secured Party Group involving a trust’ and ‘how do you perform PPS registrations over a trust’? The answer is simple: Include both the Trust and the Trustee as Secured Parties within the one Secured Party Group […]
The PPSA was introduced to ‘level the playing field’ between unsecured and secured creditors on the insolvency of a customer. By far the greatest benefit of the PPSA is its ability to create security in the goods you sell. The PPSA now allows you to truly retain the title in your goods until they are […]
Welcome to January 2019, the anniversary of the 7-year PPSR registrations. Have you got your renewals sorted? If you need some further information to inspire you to get your registrations sorted or just want to scope out the statistics, AFSA has released the quarterly December 2018 PPSR stats. Highlights of the report As of December […]
If you weren’t able to join our Part 3 webinar series: PPSR Logic: Create, Manage, Renew, here is a summary of the main points we covered. We’ve previously looked at why you need to register and how to register on the PPSR, but now we’re going to look at what happens once you’ve registered. 1. […]
If you didn’t catch our Part 2 webinar series on PPSR: Getting It Right, here is a summary of the main points we covered. Recently, Paul Mead, CreditorWatch PPSR Specialist and Terry Ledlin, Special Counsel at Ledlin Lawyers, held the second webinar of the PPSR series which explored the importance of registering accurately, avoiding common […]
A huge volume of PPS registrations are due to automatically expire over the next 18 months – is your business ready? AFSA (being the government department responsible for the #PPSR) has recently released a set of statistics showing the number of registrations that will automatically lapse, if you don’t take positive steps to renew your registrations. I have modelled […]
The Personal Properties Securities Act (PPSA) has a reputation of being a confusing topic, even for lawyers. It is vital to ensure that registrations are completed with accurate information. However, that isn’t the only point to keep in mind. The notable case study examples listed below highlight some other points to consider. 1. Registering […]
Our recent webinar featuring Paul Mead (our CreditorWatch PPSR expert) and Terry Ledlin (Special Counsel of Ledlin Lawyers) was a great success and one of our most attended webinars ever. In case you missed it, the Personal Property Securities Act (2009) (PPSA) requires you to think differently about how you protect your goods. Here is […]
The Personal Property Securities Act (PPSA) can be very confusing for lawyers and even more so for the average person. The PPSA is designed to allow personal property (not real estate, but goods, chattels and certain rights) to be used as security for a financial transaction. It is a very useful tool to ensure you […]
CreditorWatch has recently launched its latest product – the ability to create and manage PPSR registrations. Did you know that PPSR is a vital component of doing business in Australia What is PPSR? The PPSR (Personal Property Securities Register) came into existence in 2012 as a result of the PPSA (Personal Property Securities Act 2009). […]