The need to comply with the PPSA

The need to comply with the PPSA

Insolvencies are on the increase

Would you prefer to be an unsecured or secured creditor if one of your customers collapses?

Turn on your security by complying with the PPSA

  • Most suppliers retain title over the goods they sell their customers
  • Retention of title is a security
  • Register your security on the PPSR or you can't enforce it on your customer's insolvency (just when you need it)
  • Registration preserves your security

A simple example

  • You've delivered $8,000 of goods to your customer
  • The customer collapses 3 days later with your goods still in their possession
  • If you've registered your security (your retention of title) you can recover your goods or get paid for them
  • If you haven't registered your security you've lost your goods and will have to wait in line as an unsecured creditor

Cost of registration

A few dollars to protect every transaction you have with the customer for the next 7 years in Australia or 5 years in New Zealand (both may be extended when required)

What do you want to do?

Join PPSR Cloud today and get started. No payment required during sign-up and you can cancel at any time.

PPSR Cloud

PPSR Cloud

10 Oct 2024