Dealing with my many clients across Sydney, it is becoming increasingly apparent that the Personal Property Securities Act (PPSA) is a vital part of the credit control procedures of thousands of Australian companies.
It is vital that you have clauses relating to this in your Credit Application and other contractual documents. If you fail to do so then you are at risk of never being paid for the work that you do.
PPSA applies to all tangible property such as vehicles, materials handling equipment including forklifts. It also applies to wholesale and consignment goods and also intangible property such as shares and intellectual property.
PPSA Registration enables you to establish your security interest in a client. Such a registration can stay in place for up to seven years and enables you to be at the “top of the pile” in the event of the failure of a business that owes you money. By registering first you can get in ahead of the Australian Taxation Office, the Banks and all other Creditors. It is very much a case of “first in – first served”.
Let us complete your PPSR documentation. Our dedicated Team of Professionals will do this for you in a timely, easy and accurate manner. This means that you have peace of mind knowing that EC Credit Control is taking charge of this important work to help protect the cash flow of your business.
Contact me now so that I can assist you.
