The “Privacy Act” is not optional for many businesses; if someone complains about your business, there can be severe repercussions if you have not got it right. Failing to get it right could cost your Business a bucket load of money!
P.P.S.R. is the acronym for “Personal Property Securities Register”. This was set up a few years ago and its impact seems unknown to many Business Owners. It means that there are certain steps that need to be taken to write in your “Terms of Trade” correctly, and to Register your company and the Debtors that you may have to secure your company on the PPSR.
DID YOU KNOW that if you are not Registered Properly, and haven’t properly registered your interest in a Debtor’s company, that you may receive nothing if it goes bankrupt? Even if the equipment or materials have not been paid for? WORSE STILL ~ if you were paid within the 6 months prior to a bankruptcy, and are not registered, the payment could be reclaimed by the Administrator. One LANDMARK case last September involved Spiers Earthworks P/l. They involved motor vehicles and trailers. Because apparently the company failed to correctly Register them, even after a Supreme Court appeal they lost their equipment valued at $140,000. Worse still their own costs and the Prosecution Costs were awarded against them too!
Don’t risk it! Get people who can help you to come and see you. Make sure you don’t go down the drain with a Destitute Debtor!
Services available in Brisbane, the Gold Coast and Northern Rivers. Fees start from $110 an hour, plus a travel fee dependent upon location. Usually a few hundred dollars gets the job done. Fees are fully tax-deductible.
“The Profit Doctor” ~ Small Business Plannig
“Professional Advice ~ At the right Price….”
Call “The Profit Doctor” on 07 55 34 1298 or 0419 986 362NOW!