What is a PPSR registration and why does my startup need it?

The Personal Property Securities Register (PPSR) records security interests in personal property under the Personal Property Securities Act 2009 (Cth). If your startup uses a HoldCo/OpCo structure, the HoldCo must register its security interest over the intercompany IP licence on the PPSR to protect it from the OpCo’s liquidator. If you supply physical goods on retention of title terms, failing to register a Purchase Money Security Interest (PMSI) on the PPSR means you will lose those goods if your customer enters liquidation.

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