Using PPSR to Defend Unfair Preference Claims

By Ben Sewell and Brooke Payne

Caroline is a terrific Credit Manager, she is proactive and uses both IT and skill to keep her company’s debtor days to acceptable levels (she is an ace really). Her company sells commercial products and the CEO loves Caroline because she always presses for payment and she even keeps the sales force in line. Unfortunately, because Caroline is so good at what she does she gets occasional unfair preference claims from liquidators of debtors. This article discusses how Credit Managers can use the new Personal Property Securities Register to protect their company from unfair preference claims.

To read the full article in PDF click “Download” button in the header.

Published in: AICM Magazine, Credit Management In Australia, December 2012