Disasters. They happen. In personal lives, and in business.

That's not being negative, that's being real. Every day disasters affect families and businesses somewhere in the world, but it always seems to happen to someone else, doesn't it?

Touch wood.

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As a business owner, there are plenty of things you need to manage, and two of the most important of these are assets and risks.

In other words, building your wealth and protecting your wealth.

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Choosing the Right Structure for Your Business is Critical

Get it Wrong at Your Peril.

The best structure for your business and your business objectives can get complex so we recommend you take specific advice for your circumstances (See our FREE offer below). The following scenario highlights the two primary considerations for your structure decision; Risk and Tax Planning.


Risk should be your primary consideration. Why? Because this is the thing that may cost you everything you own. Every business carries with it a level of risk, some of it can be insured but insurance does not always cover every single possibility. Let me give you an example (This is an extreme example to demonstrate our point):

Bob operates a photography business. Low risk, right? While taking a photo of a $300,000 Ferrari he accidentally left the brake off. Although his shots of the car rolling off the cliff went viral, the owner was less than impressed. She sued Bob's business and it was ordered to pay his client $300,000 in damages.

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Would You Spend $8 to Save $50mil

Don't Burn Your Money

Even the biggest companies can make mistakes. It just seems that when it comes to the Personal Properties Security Register (PPSR) the message is not really as clear as it should be. (Please CLICK HERE for our last post on this subject)

Here is an example of how to burn $50 million by NOT taking proper advice and NOT paying $8 in registration fees to protect your assets.

Recently a US company, APR Energy, decided not to register a security interest on the Personal Properties Security Register (PPSR) for four gas turbines it had on lease to an Australian company. The Australian company, Forge Group, was placed into receivership in February 2014 while they were leasing four gas turbines from APR Energy. As reported by The Age, receivers of Forge Group are now trying to assert their right to gain control of the turbines to satisfy the debts of Forge Group. If they are successful APR Energy will be relegated to an unsecured creditor and may well get nothing from the liquidation of their customer.

It only costs $8 to register a security interest on the PPSR. It seems ludicrous to us that people in business would not want to make sure their valuable property is appropriately secured.

If you provide finance, supply, lease, hire or loan assets to third parties, we strongly recommend you obtain appropriate advice and consider registering your 'security' interest in the assets.


Complete Business Strategies strive to provide pro-active solutions to help our clients maximise their hard earned profits. Please call us on 5439 1600 or CLICK HERE to make an appointment with one of our specialist advisers. Don't be too cheap to take proper advice, we don't want you to become the next newspaper headline.

PPSR - What You Need to Know

Know Your Rights to Keep Your Property Secured - PPSR Transitional Period ends 31 January 2014
If you use a "Retention of Title" clause, hire equipment to others, or buy and sell used goods then YOU MUST WATCH this video. It's less than 2 minutes long and may save you thousands:

From 30 January 2012 the Personal Properties Security Act ("PPSA") established a new system for registering the creation, priority, and enforcement of security interests in personal property. Personal Property is generally ALL property other than land, fixtures, and some other statutory interests. Personal Property includes the goods you sell or supply through your business.

The transition period of grace for registering security interests that existed as at 30 January 2012 is about to expire.

This means all those transitional security arrangements may no longer be enforceable and you may be at risk. Examples of commercial arrangements that may attach transitional security interests are:

  • leases/hiring agreements
  • retention of title supplies
  • commercial consignments

If any of these arrangements apply to you then you should fully understand the PPSA or call our office on 5439 1600 or CLICK HERE to make an appointment with one of our qualified staff.

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