We can provide you with a tool kit of tailored PPS products and services that will help you through the PPS Act maze of information and help you to take control of all your PPS Act requirements.
What must be done NOW to maximise your PPS Act benefits and ensure the protection of your personal property?
The Personal Property Securities Act 2009 became operational on 30th January 2012. You need to get your house in order urgently, ACT NOW! Not registering personal property interest will potentially result in your business losing its interest in goods supplied to clients that become insolvent, bankrupt or enter into liquidation.
Knowledge is power. The PPS Solutions team focus more than a century of combined legal expertise and accounting experience on the success of your business. Now that's powerful!
Protecting inter-company & personal loan arrangements under the PPSA
on 20 Apr 2015
by Philip Sheezel
Inter-company and personal loans to trading entities need to be properly documented and the security arrangements need to be registered on the PPSR- otherwise the lenders may well end up as and unsecured creditor in the event of the borrower becoming insolvent or going into liquidation. This article answers 6 questions that you should consider if you or a family member or a company in your group lends money to a another entity in your group
How to lose a $2m race horse
on 18 Feb 2015
by Rikki Papesch
There is a New Zealand case (the Australian legislation is based on the New Zealand law so this is a precedent) Waller v New Zealand Bloodstock Limited  NZCA 254;  3 NZLR 629. In that case the owners of a $2 million racehorse leased it to a stud. The stud got into financial difficultly and the stud’s financier repossessed the stud (and with it, the horse). The horse’s owners had not registered their security interest in their horse under New Zealand’s equivalent of the Australian legislation. They lost their $2 million chaff-burner to the liquidator as a result
Why you need to register your security deposits & landlords chattels
on 20 Jan 2015
by Rikki Papesch
The attached article explains why security deposits paid by tenants under commercial leases and landlord's chattels and other personal property need to be registered on the PPS Register and explains how to go about such registration.
Nathan Cater - Owner - Masterol Foods Pty Ltd
"The PPSA is a potential minefield, but working with the team at PPS Solutions gives us confidence that the PPSR will protect us as and when we need it to. This is particularly important for any company supplying goods on credit as I understand an incorrect entry on the PPSR can mean a creditor is not protected at all in the case of an insolvency event.
PPS Solutions assisted us in the initial creation of our trading documentation and the bulk upload of our existing client base. They also provide ongoing support for loading new clients and maintaining the registry on our behalf.
PPS Solutions is professional, reliable and economical and is available to discuss any aspect of the PPSR whenever we need them. When a company has an insolvency event it can be a stressful time not only for the company itself, but for their employees, customers and suppliers. PPS Solutions minimises this stress by acting quickly and professionally in submitting appropriate documentation to liquidators or administrators to support claims.
I highly recommend Rikki and his team to any company looking to make their PPSA journey an easy one."
Gana Varendran - General Manager - Downer Infrastructure Services
When it comes to managing our PPSA compliance requirements and the registration process, PPS Solutions provides a seamless and professional approach, developing a solution that integrates directly into our existing business processes.
We have now started to capture our customers as they commence trading with us, and already we’ve seen a return on our investment with a significantly successful outcome. In this instance, all unsecured creditors received almost nothing and had it not been for the expert support of PPS Solutions, Downer EDI would have been in the same position. What assisted Downer is this particular case was setting up the accounts, PPS Register and related items properly with good documentation upfront before starting a job. This gave us an increased level of bargaining position to negotiate a better outcome for Downer than what we could have achieved as a general unsecured creditor.
The team at PPS Solutions are subject matter experts in their field making the PPSA process easy to navigate whilst putting customers at the core.
John Greenstreet (Director) - Michael's Appliance Centre
“The PPS Solutions PPS Registration Outsource Service has meant that we can leave it to the experts to worry about registering our clients correctly on the PPS Register while we concentrate on our core business of selling white goods to our customers."
757 Hampton Street, Brighton Victoria