Jul 9, 2018
Unfortunately, the majority of SMEs are unaware of the potential consequences of ignoring the operations of the Personal Property Securities Register (PPSR).
Millions of dollars have been lost by SMEs and some big businesses through ignorance of how the Personal Property Securities Act operates.
If your accountancy firm is the “trusted advisor” (and I’m sure that this is how you see your role) for your clients, surely you need to be advising your clients, especially those in the “PPSA High Risk Categories” of the consequences of not registering on the PPSR – which could be very costly and, in some cases, lead to business failure.