Come clean at the outsetKiwi and Lawyer – both of which are an advantage today!Consulting to many businesses and presenting to groups around WA including financiers and business brokers
Bit of backside covering
Once upon a timeWhere it came fromWordingFlow diagramSec Agreement – basis of our registrationsWhat is it that the Act actually coversI like to know what acronyms mean too – it will all become clear with patienceWho gets paid first
Once upon a timeGeos had great reportsThe whole ground was pure gold!SUDDENLY
But Act applies to Landlord chattels and fit outWho gets paid firstClear who retains the goods if leased hired bailed consigned etcMore about this later
Customer sets up with loan from ANZ – ANZ takes fixed and floatingFixed and floating becomes APAAPSupplier supplies equipmentAFTER ACQUIRED PROPERTY subject to ANZ securityFAIR?So PMSI taken outPriorityMay also take APAAP 2
2 most common are Search – do it nowAndCreate a registration – do it nowAlso tutorials and glossary under help and lots of information under ask the Registrar – information sheets etc
Collateral is a subset of Personal PropertyOther Goods most common category