PPSR brings a significant change to the way you manage your security interests
The new Personal Property Securities Register (PPSR) brings fundamental change to the way you manage your credit and security interests. Many Australian businesses will need to change existing practices, from commercial lending and trade credit, to leasing, legal and professional services.
The new single national online PPS Register also brings opportunities - to better your position in the list of creditors in the event of insolvency or liquidation. These changes impact your day to day business processes, documentation, systems and the management of risk.
Veda's PPSR solution offers tools to help you prepare for the PPSR change-over, and to help you take and manage security from your debtors.
The PPSR is designed to make it easier and cheaper for credit providers to operate across state borders and allow them to gain security over a variety of assets that may not have been secured in the past.
New Zealand implemented the PPSR some years ago. Even though Australian legislation is different some of the learnings show the importance of correctly registering on the PPSR.
