Don’t wait ’till it’s too late: review your PPSR registrations now
On 30th January 2019, the Personal Property Securities Register (PPSR) will be seven years old.
This is an important date, as seven-year registrations will soon start to expire. And once a registration lapses, it cannot be extended – only current registrations can be amended or renewed.
I want to thank all stakeholders who have already taken the time to review and update existing registrations. This helps to ensure that your interests are protected and keeps the Register up to date and accurate – something we all have a shared interest in.
Renewing your registrations is quick and easy to do:
- Simply log into the PPSR and request a free ‘registrations due to expire’ report. This will list all the registrations for your secured party group, that are due to expire in a specific date range. (Go to https://www.ppsr.gov.au/registrations-due-expire-report for more details.)
- Review all the details in the registration; make sure you’ve got the right ACN or ABN, company name and current address for your client. Check that your details are correct, including the way you describe your goods. If you need to extend your registration, choose a new expiry date.
Act now to ensure your registrations continue to provide ongoing protection. And make it a habit to regularly review them.