When the Personal Property Securities Register commences in May 2011 it will have a significant operational and legal effect on any business that provides credit to commercial or consumer customers on non-land security.

Who does it affect?
If you are a
• Lender
• ADI
• Equipment Lessor
• Manufacturer
• Wholesaler
• Distributor
• Franchisor
• Securitiser
• Retailer
• Consignor
• Buyer of accounts receivable
• Inventory financier
• Farmer
• Builder
• Insurer
• Secured party
• A trustee
• Pawnbroker
and you
• take or give fixed and floating charges
• give long term and finance leases
• take chattel mortgages
• enter retention of title arrangements
• make commercial consignments
• factor debts
• make conditional sales
• accept pledges
• provide hire purchase
• provide credit on sales
• take mortgage-backed securities
• enter repurchase agreements
• take guarantees
then your business will be affected.

Now is the time to start preparing for the changes to your credit policies and systems.