To Protect & Preserve for Future Generations
Our firm has been providing an effective, affordable and often untraditional solution to our clients over the years. Our firm consists of a remarkable team of experts ready to assist with your business needs. It is because of this comprehensive nature of the services we provide, our firm has been able to stay ahead of its league.
To provide our clients with the best business solutions to add to your success.
On January 30, 2012 (nearly Six years ago) this federal legislation changed the way Australians deal with ownership, retention of title (ROT) & bankruptcies to give you greater protection in your dealings with your commercial clients but if you don’t action that protection, this same legislation can create a greater financial risk for you. This legislation is known as the PPSR under the Personal Property Securities Registry Act.
- If you don’t register your equipment on the PPSR, your RISK is that it could be seized and sold without your permission if it is left on a job site.
- If you don’t register on the PPSR & have been paid by your client before they go into liquidation, you are deemed to be an unsecured creditor and your RISK is 6 months of paid invoices, e.g. $10,000 that you were paid monthly = $60,000 of what is called a Preferential Payment Claw Back.
You can now easily become a secured creditor (the same way banks are) with all of your clients and get paid in order of PPSA registration and avoid Preferential Payments claw backs. To protect your business and its assets & to ensure your registrations are valid you need correctly written & legally binding documentation.
Only 15% of Australian businesses register on the PPSR. Of those registrations, a massive 80% is incorrect and invalid. If you are already registering, our expert can review these for you.
Most people think that this would never happen to them, unfortunately, they are wrong, we have seen it first hand with people losing their cash or property without this protection… this is real.