PPSR – Did you know that the PPSR came into effect on the 30th of January?
The PPSR will effect the entire hire industry as the new national rules are applied to help protect consumers and businesses manage credit risk, check for security interests over personal property and register security interests in personal property used to secure payment or other obligation. For more information on the act itself you can go to www.ppsr.gov.au
At AJS we have designed a tool to help our clients fast track the registration of their security interest onto the PPSR. Companies need to seek their own legal advice as to how the PPSA will affect their business practices and what they will need to register on the site, however if you need to discuss the impact on your business systems contact us on ph: 02 9440 9833.