LINKS
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Australia's PPS reformThe Personal Property Securities Act is due to become a reality in Australia in January 2012. Leveraging experience of the New Zealand market, EDX's co-founder, Kim Powell relocated to Melbourne in 2010 and has since established a team of experts with professional backgrounds in Insolvency, Credit and Law. Based throughout Australia, the EDX team specialises in providing practical, commercial advice and solutions on how to best approach PPS, the compliance aspects necessary for enforcement, the protections the new law will provide and options for registration and registry maintenance of securities. PPSA for NZ businessesWe have helped clients use the Personal Properties Securities Act to best advantage since it came in to force in 2002. We can justly claim to be NZ's PPSA expert. In addition to providing automated registration and registry maintenance on PPSR we offer full consultancy services to help clients understand the commercial impact of PPSA on their business - and to make a fully informed decision on the extent to which they should participate in the regime. <Find out more about our services> Is your business at risk?Smart businesses are protecting themselves by taking security over the goods they supply. They know that to enforce their rights they will do battle with receivers, liquidators and other creditors. It can be a legal minefield where "winner takes all".
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Benefits of registrationThe benefits of registration really cut in when a customer goes bust. In certain circumstances you can get a "super priority" for your property and rank ahead of all other creditors. The reverse is also true, if you have not registered you may find yourself at the bottom of the heap!
PPSA cuts across your property rights. Debtors can grant security over assets they do not own.
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