PPSRAssetProtection_Flyer_27052015

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WHAT IS THE PPSR REGISTER The Personal Property Securities Register (PPSR) is the Government based system to have effective security and title over essentially every kind of Asset. 1 2 The PPSR is a way better system of securing assets compared to the old rules if and only if you are proactive and have your assets protected by a PPSR registration. 3 In the event of a customer refusing to pay, a PPSR will give you a negotiating tool as you become a secured creditor. 4 PPSR registrations get paid in order of the date of registration. Therefore, it is essential you act quickly before your competitors get in before you. WHO DOES IT EFFECT Individuals or companies that have any of the following Assets and or Liabilities. Without a PPSR registration you do not have security over your assets that are not under your control. 1 2 Without a PPSR registration your assets are exposed 3 Liquidators are taking people’s assets if they are not PPSR registered and/or appropriately documented. 4 According to ASIC’s statistics, small to medium business failures are on the rise. So it stands to reason, it’s not a matter of if you will be effected by a business failure—It’s a question of when! 5 Almost all businesses who have trade accounts have experienced a customer not paying their account. WHY REGISTER WHY DO I NEED PPSR ASSET PROTECTION TO ADVISE ME ? Registrations costs as little as $8 (conditions apply) PPSR registrations have to be done correctly to be valid and the correct documentation is a necessity. Unless the user is familiar with the definitions and terminology of the Government web site, experience has demonstrated that a simple mistake will cause the registration to fail. In the recent landmark case of “Maidens” over 800 of the 1,000 PPSR registrations failed because of incorrect entries. Peace of Mind knowing your assets are protected OUR EXPERTISE AND SERVICE Asset Protection Consultancy Asset Analysis PPSR Registration Services Relevant Documentation Review Legal Advice (if required) Physical and Financial Asset Protection www.ppsrassetprotection.com.au Accounts Receivable Cars, Boats, Plant & equipment Loan Accounts Licences, Intellectual property Trading stock www.ppsrassetprotection.com.au Personal Property Includes

Transcript of PPSRAssetProtection_Flyer_27052015

Page 1: PPSRAssetProtection_Flyer_27052015

WHAT IS THE PPSR REGISTER

The Personal Property Securities Register (PPSR) is the Government based system to have effective security and title over essentially every kind of Asset.

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2 The PPSR is a way better system of securing assets compared to the old rules if and only if you are proactive and have your assets protected by a PPSR registration.

3 In the event of a customer refusing to pay, a PPSR will give you a negotiating tool as you become a secured creditor.

4 PPSR registrations get paid in order of the date of registration. Therefore, it is essential you act quickly before your competitors get in before you.

WHO DOES IT EFFECT

Individuals or companies that have any of thefollowing Assets and or Liabilities. Without a PPSR registration you do not have security

over your assets that are not under your control.1

2 Without a PPSR registration your assets are exposed

3 Liquidators are taking people’s assets if they are not PPSR registered and/or appropriately documented.

4 According to ASIC’s statistics, small to medium business failures are on the rise. So it stands to reason, it’s not a matter of if you will be effected by a business failure—It’s a question of when!

5 Almost all businesses who have trade accounts have experienced a customer not paying their account.

WHY REGISTER

WHY DO I NEED PPSR ASSET PROTECTION TO ADVISE ME ?

Registrations costs as little as $8 (conditions apply)

PPSR registrations have to be done correctly to bevalid and the correct documentation is a necessity.

Unless the user is familiar with the definitions andterminology of the Government web site, experiencehas demonstrated that a simple mistake will causethe registration to fail. In the recent landmark caseof “Maidens” over 800 of the 1,000 PPSR registrationsfailed because of incorrect entries.

Peace of Mind knowing your assets are protected

OUR EXPERTISE AND SERVICE

Asset Protection Consultancy

Asset Analysis

PPSR Registration Services

Relevant Documentation Review

Legal Advice (if required)

Physical and Financial Asset Protection

www.ppsrassetprotection.com.au

Accounts Receivable

Cars, Boats, Plant &

equipment

Loan Accounts

Licences,Intellectual

property

Trading stock

www.ppsrassetprotection.com.au

Personal PropertyIncludes

Page 2: PPSRAssetProtection_Flyer_27052015

HERE ARE SOME EXAMPLES:

www.ppsrassetprotection.com.au

Example 1: Plant Hire

You hire machinery on long time hire. If the hiree goes into administration or liquidation, then you WILL lose ownership of your assets on hire and they WILL be sold by the administrator or liquidator with no compensation to you the asset holder.

However, if an effective PPSR registration is in place, you will retain ownership of the assets and they will be returned to you.

Example 2: Trade Accounts / Retention of Title

Example 3: Loans to Your Own Business

Example 4: Service Entity Arrangements

Even if you have retention of title provisions in your customer agreements and your customer goes under, without an effective PPSR registration you have no right of recovery over assets or trading stock sold.

However, with an effective PPSR registration you are now ranked second after employees plus you have legal recourse not only to the assets or stock sold but also to payment of your account should the customer have sold the asset or stock in question.

Typical business owes the husband and wife money. If the business goes under you will be an unsecured creditor.

However, if an effective PPSR registration is in place over the loan you will be a secured creditor and paid before the liquidator.

Sometimes you may have assets owned by one entity in the possession of another entity. Should the entity in possession of these assets go into liquidation without a PPSR registration, the asset owning entity will lose those assets.

However, if an effective PPSR registration is in place, your service entity will retain ownership of the assets and they will be returned to that entity .

1 Are you aware that the Federal Government has implemented a national register so you can register your physi-cal and financial assets to protect them from loss in the case of insolvency called the PPSR

2 Have you or your companies any of the following Assets and or Liabilities?

3 If you have ticked any of the above boxes above, you need to contact us:

Yes

No

Yes

No

Contact Details

PPSR Asset Protection PTY LTD, ABN 55 604 138 170

P.O. Box 343 Burleigh Heads QLD 4220. Ph.1300 85 6362

W: ppsrassetprotection.com.au; E: [email protected]

Plant and EquipmentLoan Account Accounts Receivable Contract Rights

Trading StockCars—Boats—Planes—Art etc Crops or Livestock Intellectual Property

PPSR Survey:

Email: Mob: Name: