Empowering Smes

The Personal Property Securities Register (PPSR) and the associated Personal Property Securities Register (PPSR) can affect every business in Australia.   Many small business operators say to me, “Why are you worrying about a personal property piece of legislation?”  Unfortunately, the term “personal property” is a misnomer.  This applies to business property.  In fact, it applies to every business asset except land and attachments to land, including your debtors, stock, vehicles, Intellectual Property (IP) and items that you’re renting or leasing to someone else.   In the first instance, it’s highly desirable that you have a consultation with a commercial solicitor, especially if you haven’t done so since January 2012, relative to the two key documents that you need for this legislation – the Terms of Trade Agreement and the Retention of Title Agreement.  Your solicitor will give you a general overview as to how this legislation works.   Then we believe that you need input from your professional accountant o