Collection Consultancy Australia

Continuous Line of Credit Loan Agreements

Protection from Preferential Payment Clawback (2024)

Overview

Due to recent changes in legislation Continuous Line of Credit, or Revolving Line of Credit Loan Agreements have become the centrepiece for protecting business owners and directors against huge potential liability when using their personal credit cards for business expenses.

These changes in legislation centre around the introduction of the PPSA OR Personal Property Securities Act and its register PPSR or Personal Property Securities Register.

So, today we are going to discuss.

  • How the changes in legislation could spell disaster for you and your business,
  • How a simple $6 Government Registration can protect you as a business owner,
  • And finally, how you, as a business owner, can make yourself your largest secured creditor putting you first in line if your business experiences any future financial issues. fulltext

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