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Australia's PPS reform

The 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.

<View the EDX Australia website>

PPSA for NZ businesses

We 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".

If you know how to protect your rights you will frequently get payment where others get nothing.  Your position will be recognised by receivers and liquidators.  You can often get a quick result and avoid costly legal fees. 

EDX join Veda

Veda, the data analytics company and leading provider of credit information in Australia and New Zealand has acquired EDX Ltd.There is no impact on the services we provide to you – we are all still here and it is business as usual. 

From Veda’s perspective, the integration of Veda’s existing PPSR registration and search capability with the EDX hosted solution provides an even stronger offering for its customers.

Click here to read more about the acquisition.

Benefits of registration

The 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!