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PPSR – Secure your assets

The Personal Proerty Security Register or PPSR is critical to your business.  Registering on the PPSR under the PPSA is essential to your business.  The attached is a guide about the PPSR or Personal Property Security Register.  The Act and PPSR apply to security over personal property – property that is not land or fixtures to land (i.e. real estate and buildings).

The document by the Government with assistance and input by some industry professionals tells you everything. It is a great tool to start getting your head around the PPSR. It has a how to use, how to register, case studies, tips and is fairly user friendly.

Take some time to read this guide as getting it wrong could be the heart attack that you did not need your business to have!

A PPSR – Personal Property Security Register on a creditor can make you a secured creditor for 7 years.  It will also prevent you from being exposed to preferential payment claw back.

PPSR registrations a wrongly considered as only being placed on vehicles and equipment.  While this is probably the biggest use of it, registrations can be over:

  • motor vehicles, boats or aircraft
  • crops, cattle and other livestock
  • stock in trade, artworks and equipment
  • other goods, new or second-hand, whether owned by businesses or individuals
  • intangible property, such as patents, copyright, commercial (not government-issued) licences, debts and bank accounts
  • financial property such as shares, cash or cheques.

A business as a whole and its invoices can also have a registration on them. PPSR is critical to your business so do not get caught not registering.  The Act and PPSR apply to security over personal property – property that is not land or fixtures to land (i.e. real estate and buildings).

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Protecting your personal property & the PPSR - Robinson Gill

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