Are you complying with the Personal Property Securities Act?
Having gone through the effort and expense of registration, how do you know your registered security interests comply with the PPSA?
Manually registering through the PPSR website is known to have common errors and is completely dependent on the data entry abilities and knowledge of staff. Likewise, loading security interests through a registry agent that has very little knowledge of the legislation is completely dependent on the knowledge of your staff to gather the correct data.
EDX's PPSA Compliance Reviews are designed to fully review your PPSA policies and procedures and to identify any anomalies in your application of the PPSA.
Unfortunately our record to date is that 100% of the many reviews we’ve performed have identified errors in compliance with the PPSA. We are yet to identify one business that is completely and correctly complying with the PPSA.
This is cause for great concern. The PPSA is not a simple law and there is little in the way of guidance on to how to apply and comply with it. If you’d like some assurance that you’re complying with the PPSA we can help.
We provide a number of Compliance Review services:
Desktop Compliance Review – this free review service provides a high level test check of your PPSA policy, registration performance and strategy. Any identified anomalies are a concern that can be dealt with by either a more detailed review or consulting advice.
In-depth PPSA Compliance Review – this is a far more detailed review of your PPSA practices and procedures. We will conduct a detailed internal review of your operations, meet with and interview all relevant staff and provide you with a detailed written report. We also conduct a full workshop debrief of our findings and recommendations.