Earlier this month, the Australian Financial Security Authority (AFSA) – better known as the people who the PPSR – released PPSR-related statistics for the July-September quarter. As of the end of September 2017, there have...

The PPS Act is the legislation that replaces more than 70 existing Commonwealth with a single national law. It introduces a national online register called PPSR Register, for the registration of all security interests. How will the PPS Act...

With these protections in place in the unfortunate event of insolvency or other form of administration then the business owner is a secured creditor and will be paid before unsecured creditors and even the liquidator.

Recently, we received a claim from a leasing company that leased some equipment to the insolvent company we were appointed to. They claimed that they held security over those assets and therefore we must release them…