Taking security over non-real estate assets is easy and quick when an expert business lawyer sets up the right documentation for your business.
Expert business lawyer advice is also required to ensure registration of the security in the correct category and where applicable to gain Purchase Money Security Interest (PSMI) super-priority status of your interest over the collateral and in many cases, after-acquired property.
An incorrectly completed PPS registration is ineffective and loses you the financial advantage that the system is designed to provide. It is important to carefully consider all fields in the online registration. Some help is offered at https://www.ppsr.gov.au/sites/default/files/PPSR-business-guide.pdf for help.
Financial products – or the banks that promote them – sometimes don’t live up to the promises made. If the fruits of years of your hard work or those of a financial guarantor have been put in peril by misleading advice or bank promotional practices, our lawyers in banking and finance disputes can advise you through the disputation process to bring about a positive outcome. Find out more
Personal Property Securities: Registration benefit assessment
Looking to get a personalised assessment of the potential benefits you can gain from using Personal Property Securities in your business? Try our free interactive assessment tool and find out what opportunities you have.
If your transaction documents validly create the security interest AND it is registered in the PPSR, your interests are protected if payment is not received or your goods etc are not returned.
Call or email now for effective advice on:-
- Creating effective transaction documentation that includes a valid PPS;
- Registering your PPS.