PPSR – Automatic Notification Service

31 July 2015

As published in CK Momentum Issue 6  (Click here to download)

Keeping up to date with what charges are held over your business can be time consuming and costly. It is impractical for business owners to constantly search the Personal Property Securities Register (“PPSR”) to make sure the security interests registered over their assets are properly registered and described, and any discharged registrations have been removed from the PPSR.

To make this easier, you can sign up for the PPSR’s automatic notification service and receive an email whenever a new security interest is registered against your business. This allows you to keep track of all new encumbrances and ensure no unwarranted charges are registered without your knowledge, which can cause problems if you wish to refinance or sell your business.

If you require assistance in relation to your security interests registered on the PPSR, then please contact us.

This bulletin is produced as general information in summary for clients and subscribers and should not be relied upon as a substitute for detailed legal advice or as a basis for formulating business or other decisions. ClarkeKann asserts copyright over the contents of this document. This bulletin is produced by ClarkeKann. It is intended to provide general information in summary form on legal topics, current at the time of publication. The contents do not constitute legal advice and should not be relied upon as such. Formal legal advice should be sought in particular matters. Liability limited by a scheme approved under professional standards legislation. Privacy Policy

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