You should obtain independent legal advice on how the PPSR will affect your business. Some things you may need to consider are:
Determine which collateral classes you need to register securities. There are many collateral classes and sub-classes and Veda recommends that you obtain your own independent legal advice to determine the correct collateral class and sub-classes applicable to the assets being registered on the PPSR.
PPSR Pre-load Services
To obtain priority in the event of insolvency your 'perfected' security interests need to be loaded in the PPSR. Veda can help to ensure your security interests are correctly loaded prior to the live date.
Pre-loading your security interests with Veda will help your business by:
For more information on how Veda can help you get ready for PPSR contact our call centre on 1300 921 621 or your account manager.
Once the PPSR goes live all new security interests will need to be uploaded into the PPSR. Veda will offer an interface connecting directly with the PPSR. This streamlined and efficient user interface is designed to assist you to correctly register, manage and track your security interests to help ensure priority in the event of insolvency or liquidation.
Register, manage and track your security interests.