from Warren
CMP Corporate Services
The WA Economy has moved into an interesting period and companies
are looking inward for cost savings and implementing efficiencies.
But as we know cutting cost and resources can save money in the short
term but have detrimental effects in the medium to long term.
UNLESS at the same time Protection and Flexible measures are implemented.
One: Temps – your flexible work force
If the current situation dictates that resources need to be cut or not
added then Temps is a definite option.
In particular the Accounts Receivables.
In the good times credit people are needed to manage the debtors ledger to
maximize the cash flow and credit people are needed in the tough times to
prevent bad debts and guarantee the companies invoices are paid.
A very important role going into changing times
CMP Temps can be the answer.
*Two: The PPSR
This is Important to minimize unnecessary Loss.
TIME TO ACT IS NOW! BEFORE 31ST JAN 2014
Registration of transitional security interests during this period is free of
Government charges. Once the period expires, the full Government fee
of $8.00 per registration will be charged. To avoid these fees – likely $1,000s,
it is important to act now
What happens if I dont' register my TSI by the end of 31 January 2014?
Although there will still be the facility to register a transitional security interest (TSI)
on the PPSR after 31 January 2014, choosing to hold off registering until after that
date will result in you losing the benefit of the transitional provisions.
What this means is that the ‘perfected’ status of the security interest will only begin
from the time of registration on the PPSR, instead of the earlier date allowable under
the transitional provisions if you register before the end of 31 January 2014.
If a security interest loses its ‘perfected’ status its priority ranking will not be preserved.
This means that another person with a security interest in the same collateral with a higher
priority ranking (for example, a secured party who registered during the transitional period)
will be paid out ahead of you in the event that grantor (the person who hires or buys the goods,
or borrows money) defaults.
There is also the risk that if the grantor enters bankruptcy or insolvency and a security interest has
not been perfected at relevant times, the security holder will lose their security interest altogether.
CALL CMP now to hook up and get registered now if you haven’t already.
Talk again soon,
Warren
PS: Protecting your biggest Asset – makes sense!
_________________________________________________________________
Warren Myers APRCSA – MICM
Recruitment and Corporate Services Consultant
CMP Corporate Services
The WA Economy has moved into an interesting period and companies
are looking inward for cost savings and implementing efficiencies.
But as we know cutting cost and resources can save money in the short
term but have detrimental effects in the medium to long term.
UNLESS at the same time Protection and Flexible measures are implemented.
One: Temps – your flexible work force
If the current situation dictates that resources need to be cut or not
added then Temps is a definite option.
In particular the Accounts Receivables.
In the good times credit people are needed to manage the debtors ledger to
maximize the cash flow and credit people are needed in the tough times to
prevent bad debts and guarantee the companies invoices are paid.
A very important role going into changing times
CMP Temps can be the answer.
*Two: The PPSR
This is Important to minimize unnecessary Loss.
TIME TO ACT IS NOW! BEFORE 31ST JAN 2014
Registration of transitional security interests during this period is free of
Government charges. Once the period expires, the full Government fee
of $8.00 per registration will be charged. To avoid these fees – likely $1,000s,
it is important to act now
What happens if I dont' register my TSI by the end of 31 January 2014?
Although there will still be the facility to register a transitional security interest (TSI)
on the PPSR after 31 January 2014, choosing to hold off registering until after that
date will result in you losing the benefit of the transitional provisions.
What this means is that the ‘perfected’ status of the security interest will only begin
from the time of registration on the PPSR, instead of the earlier date allowable under
the transitional provisions if you register before the end of 31 January 2014.
If a security interest loses its ‘perfected’ status its priority ranking will not be preserved.
This means that another person with a security interest in the same collateral with a higher
priority ranking (for example, a secured party who registered during the transitional period)
will be paid out ahead of you in the event that grantor (the person who hires or buys the goods,
or borrows money) defaults.
There is also the risk that if the grantor enters bankruptcy or insolvency and a security interest has
not been perfected at relevant times, the security holder will lose their security interest altogether.
CALL CMP now to hook up and get registered now if you haven’t already.
Talk again soon,
Warren
PS: Protecting your biggest Asset – makes sense!
_________________________________________________________________
Warren Myers APRCSA – MICM
Recruitment and Corporate Services Consultant