The PPSR is an important tool to ensure you retain ownership of your goods until they are paid for. However, its benefits go way beyond the repossession aspect. It can give you better protection against voidable transactions (liquidators “clawback”) as well as priority access to the proceeds of your goods if already paid for. It also allows you to claim on work in progress, or a share in any asset your product may have contributed to. A PPSR registration is a must for anyone supplying goods on credit. Our new PPSRplus Portal makes the process easier!
Read: The Beginners Guide To The Personal Property Securities Register In New Zealand