What is a PPSR?
It is an online register introduced on 30 January 2012 that protects your business when buying, selling or leasing out property including valuable goods, stock, vehicles, machinery, office equipment, crops and livestock – almost anything except real estate.
Are you selling on terms, such as retention of title, or leasing out valuable goods?
Registering your interest in goods which you haven’t been paid for can help you to recover the debt if your customer doesn’t pay or becomes insolvent.
Is your business buying valuable second hand items?
Additionally you can check the Personal Property Securities Register to see if the particular second-hand machinery, equipment, vehicles, stock or other valuable used items you wish to purchase is debt-free and secure from repossession.
TIP: Doing a quick search before you buy is low cost, easy and immediate.
For more information visit www.ppsr.gov.au or for further information including searching, please contact us here at PTW Law.