Personal Property Securities Register interests early to reduce later risks

In my last article, I made reference to the Personal Property Securities Register or PPSR and said that it was an article for another day. Well, today is that day!

So what is the PPSR and how can it help farmers or those operating in agribusiness? The reality of business is there is always a risk the companies you are dealing with may become insolvent and need to be wound up. In those scenarios, there are often a long line of creditors each demanding payment of the amounts they say they are owed. If there are not enough assets remaining in the company to pay all of those creditors, there needs to be a system to determine how the competing claims of creditors can be determined.