NCI

Menu

Trade Credit Risk Index Q3

Government measures impact insolvency and collection results

Read More

What is a PMSI?

A Purchase Money Security Interest (PMSI) is defined by the PPSA as occurring where ‘collateral secures its own purchase price’.

This happens when a supplier sells their goods subject to a Retention of Title right – it also happens when goods are sold out of a Consignment Stock arrangement or Leased.

The PMSI designation is important because it allows the supplier to enjoy a ‘super priority’ over the goods they are selling that will rank higher than any bank’s general security interest even when the bank’s interest was lodged earlier.

Read More

PPSR – When should I be lodging a registration?

Once a liquidator is appointed to a debtor, they are allowed to ignore any security interests registered during the 6 months leading up to their appointment if they hadn’t been lodged within 20 business days of the security agreement being formed.

In a trade credit context, the security agreement is usually the completed credit application incorporating your Terms & Conditions (eg, your Retention of Title right).

Read More

PPSR – Identifying Grantors

The PPSA has very strict rules when it comes to identifying grantors and, if your registration does not show up on a search conducted in accordance with those rules, your registration will almost certainly be deemed invalid.

This was confirmed in a high-profile judgment from the NSW Supreme Court in January 2017 when it was decided that a registration by Alleasing P/L against OneSteel Manufacturing’s ABN instead of its ACN was enough to render the registration ineffective even though there was no doubt as to the entity concerned.

Read More

ASIC Insolvency Statistics

ASIC External Administration Statistics – 2019 v 2020

Read More

An economic speed hump? A glass half full perspective.

Our Managing Director, Kirk Cheesman, breaks down an array of information to paint an interesting picture of Australia’s economy………at this point in time.

Read More

PPSR: Website Update

The PPSR is due to release an update to its web site later this month.

Read More

A WORD FROM THE MANAGING DIRECTOR: KIRK CHEESMAN

What a whirlwind the last few months has been with the impact of COVID-19.

During March, many feared the worst and with significant lockdowns and reduced trading conditions, our industry braced itself for a possible flood of company insolvencies. However, a few months in and our data shows (at this moment in time), many of those fears are yet to be realised.

Read More

Trade Credit Risk Index Q2

Insurer Limit reviews lead to jump in Risk Score

Read More

PPSR: The ‘Additional Details’ Questions

We have noticed a tendency by a number of our clients to leave the ‘Additional details’ section of a PPSR registration blank.  While there may certainly be occasions where ticking one or more of the 5 boxes in this area is not appropriate, our concern is that these are being left blank simply because the questions (and their implications) are not readily understood.

Read More
Contact Us For A Quote Today
Contact us