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Buying machinery and equipment can mean a huge investment for a business. But, did you know that if you buy machinery or equipment from someone, they may not have the right to sell it? Just like a bank takes a mortgage over land and has the right to sell it at any time if there is a default; banks and other parties, such as equipment financiers or suppliers, can take a Registered Security Interest over personal property, and can repossess or sell it too. Misty Di-Filippo, Commercial Lawyer explains exactly what the Personal Properties Security Register (PPSR) is, and what steps you need to take before you make your next purchase.

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