With heightened risk in the construction sector, lenders are continuing to exercise greater caution, meticulously evaluating every aspect of a project before committing resources. Given the critical role of investment and finance in real estate and property development, a lack of funding or excessive cost-of-capital could spell doom for construction projects before they even clear the approval stage.
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Business owners and credit managers in NSW and the ACT turn to Malcolm when they need assistance with the Personal Property Securities Act (PPSA).
Registering business security interests to the Personal Property Securities Register (PPSR) is an integral part of any risk management strategy. Equally important is having the procedures in place to ensure these registrations are renewed before their 2019 expiry date.
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The project-based, contractual nature of the construction industry can leave the security interests of many businesses vulnerable. Failing to register security interests on the Personal Property Securities Register (PPSR) can prove costly, not just for the unregistered business, but also its contractors, sub-contractors, suppliers and consultants.
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Metcash is a large Australian wholesale distributor, delivering products to more than 10,000 retail premises and 90,000 wholesale customers across the food, grocery, liquor and hardware markets. Their retail brands include IGA, Foodland, Mitre 10, Home Timber & Hardware and the Bottle-O.
The renewal process for the Personal Property Securities Register (PPSR) can be complex and time consuming, particularly for businesses that don’t have a dedicated internal resource.
If a registration isn’t renewed accurately, it may limit or invalidate the rights of the business to get the goods back or be paid. In this article, we provide insight into how to ensure all of your PPS registrations would pass a ‘health check’ when renewed.
Addressing the task of renewing your PPS registrations is a great time to ensure that your registrations are correct. Incorrect registrations could mean loss of your security interests.https://www.edxppsr.com.au/contact
We’re all guilty of delaying difficult tasks. Of leaving jobs until right before the deadline because that’s when we feel motivated. But when it comes to renewing your security interests on the government’s Personal Property Securities Register (PPSR), this is a serious deadline to sit up and take notice of.
