You haven’t been paid
Watch this video from the PPSR, Basic Business uses, if you're a small business operator who has supplied stock and haven't been paid.
You haven't been paid Video Transcript
You're a small business operator who has supplied stock to this store, and you haven't been paid. You arrive to fill their latest order, and find that the store owner called in an administrator overnight. The doors are locked, and your goods are inside. You sold those goods on a retention of title basis, so, according to the agreement, that stock belongs to you until the retailer pays you for it. The payment was well overdue, but the doors are locked. What can you do? Most of my produce is in there. I'm just a local winemaker. I don't make much wine. I mean, I've got bills to pay, and... This is unbelievable. I need to be paid for that wine or to be able to get it back. And I've just found out I'm not protected. I'm supposed to be paid today. The Personal Property Securities Register, or 'PPSR', is a way of protecting your goods...
..anything from machinery to livestock and more - in the event that a debtor defaults or goes into insolvency. The PPSR offers additional protection for businesses that lease or supply goods in the event that a debtor defaults or goes bankrupt.