If you hold equipment in one entity, and carry on your business in another, you may be thinking this is a great asset protection strategy. It is, but it is missing one critical part - registration of the arrangement on the PPSR.
It's always nice to make a sale - but the fun soon ends if you don't end up getting paid. You need to ensure that your 'terms of trade' protect your interests, and you also need to ensure these interests are register on the PPSR. Find out how.
So you want to help a family member under financial strain? What starts out with the best intentions can soon result is family disharmony. Confusion about whether the advance is a loan or gift can quickly result in argument. The tragedy is that this is so easy to avoid if you take some simple precautions from the outset.
Do the temporary changes to insolvency law mean that you won’t get paid? Not entirely, but they do mean you need to be super careful to assess creditworthiness before extending credit.
The Personal Property Securities Act (PPSA) is the legislation that governs everything about security interests in personal property, which is almost all property that is not land. The broad purpose of the PPSA is to create a system for the registration of security interests, which is searchable by anyone and which can then be enforced against other parties. This register has been formed as the Personal Property Securities Register (PPSR).
Like any business, hotels have several moving ‘parts’ that need to work together so that the machine runs smoothly. If you are thinking of buying a hotel or similar hospitality business, make sure you are familiar with these unique features before you sign on the dotted line.
- Is your commercial lease compliant with the PPSR regime? GalleryAreas of Law, Business, Business Interest, Commercial/Business, Facebook Published, LinkedIn Published, Marketing, Newsletter Published, Newsletters, PPSR, Property, Twitter Published, Wealth
Is your commercial lease compliant with the PPSR regime? You need to know the answer to this question. Everyone has heard about the Personal Property Securities Register (PPSR), which came online on 30 January 2012. The implications of the new registration system are still not widely known. For many people the need for registration is only discovered after it is too late.
By now, everyone has heard about the Personal Property Securities Register (PPSR), which came online on 30 January 2012, (well, we hope so!). However, the implications of the new registration system are still not widely known.
If you have registered your interest in property on the Personal Property Securities Register (PPSR), here's some tips on how to enforce it.
If you are a manufacturer, supply goods on credit, lease equipment, operate a franchise or work on construction projects, then you need to understand some things about the Personal Property Securities Act.