Showing posts from May, 2014

Do you know about the Personal Property Securities Register (PPSR) and how it might help your business?

When meeting with a new client this week we discussed his risk relating to security over his stock. He provides coffee vending machines on a lease basis. The machines belong to his company and the customer has full use and pays for the consumables without the capital outlay. Sounds like a win win for all? It is, but my client is at risk... The Risk: My client may loose his valuable coffee machines, if something happens to his customer, as his machines are on the customers' premises. Solution: Register the coffee machines on the PPSR - The Personal Property Securities Register (PPSR) is an electronic register that allows security interests in personal property to be registered and searched in accordance with the New Zealand Personal Property Securities Act 1999. The New Zealand PPSR is maintained by the New Zealand Companies Office, an agency of the Ministry of Economic Development. Being on the PPSR you can take back any products for which you have n