CreditorWatch has been recognised as an ABA100 Winner in The Australian Business Awards 2019 in the Business Technology category for PPSR Logic. “We are honoured to accept the 2019 ABA100 Award for Business Technology, in recognition of our innovative platform, PPSR Logic. Our customer-centric focus and dedication to innovation have helped us to produce a […]
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 out on a limb for, and even (rarely) told little […]
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 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 who know about it but can’t comprehend it as it is […]
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 […]
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 further idea of just how big the PPSR and […]
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 […]
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 […]