The PPSR (Personal Properties Securities Register) isn't as complicated or time-consuming as you might think. Learn how the PPSR can protect SME owners and the benefits CreditorWatch and PPSRLogic can provide to your business.
CreditorWatch has been recognised as an ABA100 Winner in The Australian Business Awards 2019 in the Business Technology category for PPSRLogic “We are honoured to accept the 2019 ABA100 Award for Business Technology, in recognition of our innovative platform, PPSRLogic. Our customer-centric focus and dedication to innovation have helped us to produce a product that […]
What do you do when a customer lets you down? In our last article, we explored what happens when you have the “Feels” for a Customer and how to avoid debtor heartbreak (check it out here). The “Funk” is that ensuing feeling you get when you realise the Customer you have supported, fought for, gone […]
Understanding trusts when it comes to the PPSA 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 […]
PPSRLogic makes it easier for customers to register their security interests The PPS Registrar’s roundtable held an interesting discussion about PPSR and where small businesses fit into it. The main theme emerging from the roundtable discussion was that small businesses feel confused. Small businesses fall into three categories: Those who don’t know about PPSR Those […]
Compliance with the PPSA is important 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 […]
Start 2019 with the latest AFSA data 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. […]
The AFSA release their PPSR June 2018 quarterly statistics The Personal Property Securities Register recently announced that they have hit 10 million registrations! Along with that news, the seven-year anniversary of PPSR is fast approaching in January, which means that there is going to be an influx in expirations and renewals. To give you a […]
What is an Unfair Preference? Essentially, an unfair preference is when a creditor, within the six months before a company goes into administration or liquidation, receives payment(s) from that company that is more than they would receive if the payment(s) hadn’t occurred and they proved for their full debt in the liquidation. The “unfair preference” […]
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 […]