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#Everyoneneedsaplan to Get Their Goods Back If a Customer Does Not Pay

Posted by G. Dean McKinnon on 16 November 2020

If you are supplying goods to a customer on credit, and the customer goes out of business, it may be a difficult process to get your goods back.

One way to make sure you are legally entitled to take your goods back is to register your interest on the Personal Property Security Register (PPSR).

If the process is completed properly, your interest in the goods may take precedence over banks and outstanding tax debts

Following is a link to the Personal Property Security Register (PPSR) website that has numerous resources and explanations for how to complete the registration process:

https://www.ppsr.gov.au/education-hub/ppsr-and-your-business/guidance-help-you-during-covid-19

McKinnon Financial Services ... because everyone needs a plan

Author:G. Dean McKinnon
Tags:Business Planning

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