PPSR and the Construction Industry.
If your in the construction industry, there is a way to become a secured creditor and protect your assets including your labour.
PPSR (Personal Property Securities Register), is so important for Businesses to understand and use. We explain simply and precisely without all the legal Jargon.
The Personal Property Securities Register allows lenders and businesses to register their security interests. Secured parties, buyers and other interested parties can search the PPSR to find out if a security interest is registered over the personal property.
~Call to find out if you're protected or before you make a decision as to whether the asset already has an interest on it.
Call (07) 3062 9285 Today for piece of mind.
Who would use the PPSR?
Financial instutions such as banks and finance companies providing loans where they receive a security interest in an item of personal property.
Businesses who sell personal property on credit, consignment, or on a retention of title arrangement.
Consumers who are about to purchase personal property, such as valuable second goods, to make sure the property is free of a security interest.
Examples of personal property include:
-art
-cars, boats and caravans
-crops and livestock
-inventory
-plant and machinery
-shares
Personal property can also include non-material items such as:
-accounts
-intellectual property
-investment instruments, or
-licences.
What is the PPSR used for?
The register is used to determine priority for secured creditors in the case of debtor default or liquidation.
Other Videos that might be helpful:
- Introduction to the PPSR: [ Ссылка ]
- The PPSR and Business Loans: [ Ссылка ]
- The PPSR and the Construction Industry: [ Ссылка ]
- General Contracts and the PPSR: [ Ссылка ]
- Owning and Operating Entities and the PPSR: [ Ссылка ]
- Supply of Goods and Services and the PPSR: [ Ссылка ]
- Business Loans PPSR: [ Ссылка ]
- What is the PPSR: [ Ссылка ]
- The PPSR explained in Simple Terms: [ Ссылка ]
~ PPSR Website: [ Ссылка ]
~ Facebook: [ Ссылка ]...
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