Personal Property Security Act (PPSA) Registrations

If you provide goods on credit to your customers, the PPSA allows you to retain an interest in the goods you have supplied and to protect your debt position until you are paid in full. It is surprising how many businesses are not aware of the benefits of registering the goods they supply (and therefore the debt owed) on the Personal Property Securities Register (PPSR). Don’t be fooled by the title. It also covers business-to-business debts. By registering your debt interest, you move from being an unsecured creditor to having a registered security interest and the right to repossess your goods. This replaces the old “Romalpa clause” concept.

Asseto provides a full PPSR registration service. To register a security interest in the goods you have supplied, download the PPSR Registration Form and fax or email it back to us. We charge a fee of $20.00 plus GST to register and administer each registration for up to five years.

We can also carry out PPSR searches for our client’s new customers and conduct both a debtor and collateral search. We charge a fee from $5.00 plus GST upwards depending on the number of debtors and collateral involved. We can quote and advise if more. With our PPSR administrator you can be confident that your debt is registered and your interest protected.

To find our more about PPSA registrations, please contact us.

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