Graham Crozier & Henrik Valentin
PPSR MANAGEMENT PORTAL LOGIN
The Personal Property Securities Act (PPSA)
came into effect 30 January 2012, consolidating over 70 existing Commonwealth, State and Territory laws and registers regarding personal property security interests under one national system. For the majority of our clients “Personal Property” relates to Retention of Title (R.O.T.) over the goods they sell.
For companies supplying goods on credit terms, in order to retain R.O.T. you must now register a security interest on the Attorney General’s Personal Property Securities Register (PPSR).
Registration is required to protect your current R.O.T. and potentially give you other key benefits such as.
- Eliminating Preferential Payments; Liquidators can claw back 6 months worth of cash receipts; registration makes you a secured creditor - many companies have been exposed to claims by Liquidators costing them sometimes hundreds of thousands of dollars
- Protecting your interests in receivables for on-sold unpaid products in which you have a security interest
IMC Newbury PPSR Management Portal
is an intelligent and cost effective online solution for companies and provides a business-to-government interface to manage the often complex registration of security interests and the ongoing administration of amendments, discharges and more.
Some of the key benefits are:
- Data cleansing of your debtors - confirming the correct legal entities being registered;
- Bulk upload registration of your debtors to the PPSR - time-efficient and cost-effective;
- On-going management of registrations such as future registrations for new accounts, discharges, amendments and reporting;
- Access to business information enabling you to perform integrated ASIC and PPSR searches as well as other integrated credit checks;
- Billing for ongoing usage is on 30 day terms.
Contact IMC Newbury for further details Ph 1300 665 240
Disclaimer:
Nothing on this website constitutes legal or personal advice and is general information only. Always seek legal advice to suit your particular circumstances.