Recently CCF QLD member The Invoice Market reported on the importance of the PPS Register as a tool for Australian businesses.
When it comes to asserting ownership over their assets, Australian businesses should be well placed compared to international peers. Unfortunately, many small firms are still losing money and missing out on low-cost business financing opportunities because they are failing to use a key facility their government has provided.
The introduction of the Personal Property Securities Register (PPSR) in 2012 brought Australia bang up to date when it comes to property law, by allowing easy online tracking of ownership rights. Now it includes leased goods too.
But the system is only as good as the data that goes into it. Australian businesses must use the PPSR to provide added security in their business transactions.
For more information on how your business could benefit from the PPS Register, please click here.