Finlease - Personal Property Securities Register
•Download as PPTX, PDF•
0 likes•384 views
This document provides an overview of the Personal Properties & Security Register (PPSR) in Australia, which regulates security interests in personal property. It discusses what constitutes a PPS lease, provides examples of lease situations, recommends using master agreements for repeat customers, and outlines the checklist and process for registering a security interest on the PPSR website. The document also introduces Finlease as an equipment finance company that can provide funding and restructuring alternatives to banks.
Report
Share
Report
Share
Recommended
Advantage Talk - Need to Know (Contracts)
This document discusses the importance of understanding insurance requirements in contracts. It notes that contracts often require businesses to carry specific types and levels of insurance like professional indemnity, public and products liability, pollution liability, and cyber insurance. It advises readers to consult their insurance advisor before signing any contract to ensure they can meet the insurance specifications and requirements. It provides an example of a client who was able to sign a contract by working with their advisor to negotiate an increase in their insurance limits. The document stresses the importance of addressing insurance requirements proactively to avoid issues in the event of a claim.
Chapter 8
This document discusses key concepts and terms related to contracts. It defines offer, acceptance, consideration, capacity, and breach. It outlines the material terms of an offer and discusses unilateral and bilateral contracts. It also describes common types of contracts used in sports facilities, including independent contractor agreements, facility contracts, game contracts, event contracts, licensing agreements, and sponsorship contracts. The key company assigned NCAA souvenir merchandise rights at championships is also mentioned.
Northrend linkedin
This document discusses a trade brokerage that specializes in domestic and foreign trade, mergers and acquisitions, joint ventures, and investments. The brokerage aims to fuel large-scale industrial growth in India. It offers trade brokering and bringing investments, joint ventures, and mergers and acquisitions. Commission rates vary from 2-10% depending on the deal, with lower rates for larger deals over $1 billion. Legal agreements like non-disclosure are used and commission is charged when orders or agreements are signed. The time to complete a deal can range from a week to over a year depending on the nature of the transaction.
Role of soft skills in employability
Rohan Fernandez is an assistant professor who wrote about the importance of soft skills for employability. Soft skills, such as communication, teamwork, and problem solving, are essential for workplace success according to surveys. However, many graduates lack proficiency in soft skills, hampering their job prospects. To address this, the document recommends strengthening soft skills training in university curricula with a focus on communication, presentation, and behavioral skills. It also suggests internships, networking, and part-time work to help students improve their soft skills.
AS116
The document provides an overview of Indian Accounting Standard 116 on lease accounting. Some key points:
1. Ind AS 116 replaces the dual classification model under Ind AS 17 and requires most leases to be recognized on the balance sheet by lessees. It aims to provide more transparent representation of leasing activities.
2. The standard applies to all leases with certain exceptions such as leases of biological assets, service concession arrangements, and licenses of intellectual property.
3. Lessees can elect to not apply the recognition requirements to short-term leases (under 12 months) and leases of low-value assets.
4. The standard defines a lease as a contract that conveys
XFS Financial Considerations
When acquiring equipment, it is important to consider your long-term business goals, how long you will need the equipment, and whether you want to own or return the equipment at the end of the financing term. You should also understand any upfront costs, available financing terms, options for early repayment, how payments fit your budget, and tax implications of leasing versus financing. Carefully reviewing these factors will help identify the best financing option.
XFS Financial Considerations
When acquiring equipment, it is important to consider your long-term business goals, how long you will need the equipment, and whether you want to own or return the equipment at the end of the financing term. You should also understand any upfront costs, available financing terms, options for early repayment, how payments fit your budget, and tax implications of leasing versus financing. Carefully reviewing these factors will help identify the best financing option.
PPS powerpoint
The Personal Property Securities Act establishes a national online register for security interests in personal property and will take effect from January 2012, subsuming various state registers; it aims to improve business access to capital by clarifying rules around secured loans, leases, retention of title and more; the document provides an overview of who is affected and their obligations to register under the new system.
Recommended
Advantage Talk - Need to Know (Contracts)
This document discusses the importance of understanding insurance requirements in contracts. It notes that contracts often require businesses to carry specific types and levels of insurance like professional indemnity, public and products liability, pollution liability, and cyber insurance. It advises readers to consult their insurance advisor before signing any contract to ensure they can meet the insurance specifications and requirements. It provides an example of a client who was able to sign a contract by working with their advisor to negotiate an increase in their insurance limits. The document stresses the importance of addressing insurance requirements proactively to avoid issues in the event of a claim.
Chapter 8
This document discusses key concepts and terms related to contracts. It defines offer, acceptance, consideration, capacity, and breach. It outlines the material terms of an offer and discusses unilateral and bilateral contracts. It also describes common types of contracts used in sports facilities, including independent contractor agreements, facility contracts, game contracts, event contracts, licensing agreements, and sponsorship contracts. The key company assigned NCAA souvenir merchandise rights at championships is also mentioned.
Northrend linkedin
This document discusses a trade brokerage that specializes in domestic and foreign trade, mergers and acquisitions, joint ventures, and investments. The brokerage aims to fuel large-scale industrial growth in India. It offers trade brokering and bringing investments, joint ventures, and mergers and acquisitions. Commission rates vary from 2-10% depending on the deal, with lower rates for larger deals over $1 billion. Legal agreements like non-disclosure are used and commission is charged when orders or agreements are signed. The time to complete a deal can range from a week to over a year depending on the nature of the transaction.
Role of soft skills in employability
Rohan Fernandez is an assistant professor who wrote about the importance of soft skills for employability. Soft skills, such as communication, teamwork, and problem solving, are essential for workplace success according to surveys. However, many graduates lack proficiency in soft skills, hampering their job prospects. To address this, the document recommends strengthening soft skills training in university curricula with a focus on communication, presentation, and behavioral skills. It also suggests internships, networking, and part-time work to help students improve their soft skills.
AS116
The document provides an overview of Indian Accounting Standard 116 on lease accounting. Some key points:
1. Ind AS 116 replaces the dual classification model under Ind AS 17 and requires most leases to be recognized on the balance sheet by lessees. It aims to provide more transparent representation of leasing activities.
2. The standard applies to all leases with certain exceptions such as leases of biological assets, service concession arrangements, and licenses of intellectual property.
3. Lessees can elect to not apply the recognition requirements to short-term leases (under 12 months) and leases of low-value assets.
4. The standard defines a lease as a contract that conveys
XFS Financial Considerations
When acquiring equipment, it is important to consider your long-term business goals, how long you will need the equipment, and whether you want to own or return the equipment at the end of the financing term. You should also understand any upfront costs, available financing terms, options for early repayment, how payments fit your budget, and tax implications of leasing versus financing. Carefully reviewing these factors will help identify the best financing option.
XFS Financial Considerations
When acquiring equipment, it is important to consider your long-term business goals, how long you will need the equipment, and whether you want to own or return the equipment at the end of the financing term. You should also understand any upfront costs, available financing terms, options for early repayment, how payments fit your budget, and tax implications of leasing versus financing. Carefully reviewing these factors will help identify the best financing option.
PPS powerpoint
The Personal Property Securities Act establishes a national online register for security interests in personal property and will take effect from January 2012, subsuming various state registers; it aims to improve business access to capital by clarifying rules around secured loans, leases, retention of title and more; the document provides an overview of who is affected and their obligations to register under the new system.
Four Repercussions of the New Leasing Standard
For years, lease accounting has been criticized as a means of structuring off-balance sheet financing, particularly as it related to the airline industry. In response to this feedback, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) initiated a joint project to overhaul accounting for leases in 2008, which was one of the cornerstone projects of a path towards convergence.
The FASB issued an exposure draft in 2010, but it received such heavy criticism from multiple parties that it didn't issue the final standard until early 2016. Accounting Standards Update 2016-02, Leases (ASC Topic 842) may be cumbersome to implement as it affects all leases (i.e. property, equipment, copiers) with only a few, minor scope exceptions. It also removes any differences between leases of equipment and real estate that exist in today's U.S. generally accepted accounting principles (GAAP).
Non compete deed for an employee - Template - Sample
This Employee Non Compete Deed is a contract between an Employer and an Employee (also known as a Deed of Restraint or Non Solicitation Agreement) that restrains the Employee from taking business away from the Employer during the period of employment and for a period after the employment ends.
The Agreement can protect the Employer's goodwill in its business by preventing an Employer from taking clients, customers, employees and suppliers, as well as confidential information, away from the business.
If your Employees have access to valuable client relationships and you want to make sure they don't take those relationships with them when their employment ends, you should ensure you put a binding Non Compete Deed in place. Without such an Agreement, your business could be very vulnerable.
Likewise, if you have worked hard to build up a team of great staff, you should make sure a rogue Employee doesn't decide to start up in competition with you and take your staff to their new firm. You can protect your business by requiring your Employees to sign a Non Compete Deed.
Leasing Accounting
What organizers should know.
For decades, operating leases have been used to acquire capital expenditures without the direct balance sheet implications that affect leverage.
In early 2019, new accounting rules for leases went into effect that bring operating leases onto the balancing sheet.
For decades, operating leases have been a vehicle to acquire assets without the direct balance sheet implications that might affect leverage or even covenant compliance. While most firms are prepared for the new accounting standard, does that equate to a return to traditional debt financing of capital expenditures and an exit of operating leasing as a potential financial solution?
Not so fast.
The primary impact of operating leasing is a more affordable approach to how your company uses assets. in an environment that demands that you stay on the cutting edge of technology and ever-increasing replacement cycles challenge financial managers, operating leases can still be beneficial.
Despite the recent accounting changes, there are still ongoing financial and operational benefits of operating leases worthy of consideration.
Cxc Global Agency Awr Guide
The Agency Workers Regulations (AWR) come into effect on October 1st, introducing new legislation that regulates the use of temporary and contract workers. The document outlines CXC Global's solutions that help companies comply with the AWR's requirements. It also summarizes the key points of the legislation, including an overview of the AWR, sectors that are exempt, engagement models, risk profiles, and the importance of communication between clients, agencies, and umbrella companies. Implementing the AWR properly with reliable partners, the document concludes, will allow clients and contractors to achieve their desired results.
A4 Awr Recruitment Agency
The Agency Workers Regulations (AWR) come into effect on October 1st, introducing new legislation that regulates the use of temporary and contract workers. The document outlines CXC Global's solutions that help companies comply with the AWR's requirements. It discusses reviewing business practices to determine which regulations different engagements fall under and working with clients and umbrella companies to smoothly implement new processes before the October deadline. With proper planning and reliable partners, the document concludes, companies can implement the AWR without major compliance or risk issues.
Cxc Global Guide To Awr - Agencies
The Agency Workers Regulations (AWR) come into effect on October 1st, introducing new legislation that regulates the use of temporary and contract workers. The document outlines CXC Global's solutions that help companies comply with the AWR in low risk ways. It discusses reviewing industry practices; determining risk for different engagement models; communicating with clients, contractors, and umbrella companies; and ensuring proper processes are in place to smoothly implement the AWR. With the right planning and partners, the document concludes that complying with the AWR does not need to present major hurdles.
Revenue Recognition Serial - Part 2: Step 1 - Identifying the Contract(s) wit...
Revenue Recognition Serial - Part 2: Step 1 - Identifying the Contract(s) wit...MHM (Mayer Hoffman McCann P.C.)
In this issue we will further explore the intricacies of Step 1: Identifying the contract(s) with a customer. Normally, a business knows who its customers are and can identify its contracts, however, the specific requirements of Topic 606 contain some challenges that will require judgment and documentation around these conclusions.
The application of Topic 606 and each step requires the use of judgment and provides opportunities for multiple approaches. The following discussion is broken down into a systematic framework for applying the guidance that we believe to be helpful whenever Step 1 is applied. This framework consists of three parts:
1. Determine if a contract exists
2. Determine if the contract is with a customer
3. Evaluate the five criteria in Step 1 to determine if the contract is a contract with a customer in the scope of Topic 606 (a “revenue contract”).SFO Equipment Lease Ppt
This document discusses equipment leasing and provides information on what it is, why businesses lease equipment, the types of leases available, and things a banker may not tell you about leasing. Specifically:
- An equipment lease is a contract where a lessee pays to use a piece of equipment for a set period of time and payments, without having to purchase it outright. This allows businesses to pay monthly as they use the equipment.
- Businesses lease equipment to make money from using rather than owning assets, have cash available for other opportunities rather than tied up in equipment, take faster tax write-offs, and hedge against technology obsolescence.
- There are true leases, abandonment le
Ind as 116 Leases
IND AS 116 replaces the accounting standard for leases, IND AS 17. Under IND AS 116, lessees will recognize most leases on their balance sheets as lease liabilities, with corresponding right-of-use assets. For lessors, the accounting stays almost the same. The standard provides some exemptions for short-term leases and leases of low-value items. The new standard will result in lessees reporting higher assets and liabilities. It will also affect financial ratios and may lower earnings before interest, taxes, depreciation and amortization (EBITDA).
indas116-leases-191005092644 (1).pdf
IND AS 116 replaces the accounting standard for leases, IND AS 17. Under IND AS 116, lessees will recognize most leases on their balance sheets as lease liabilities, with corresponding right-of-use assets. For lessors, the accounting stays almost the same. The standard provides some exemptions for short-term leases and leases of low-value items. The new standard will result in lessees reporting many more assets and liabilities, which will impact key financial metrics. It aims to bring transparency to companies' assets and liabilities arising from lease contracts.
What is asset finance?
Everything you need to know about asset finance, it’s benefits and how it works for businesses of all sizes.
Asset finance explained
Asset finance provides businesses with financing to purchase equipment and other assets. In 2018, the Finance and Leasing Association (FLA) provided over £33 billion in asset finance to UK businesses. Asset finance comes in various forms, including finance leases, operating leases, and hire purchase agreements. Each type has different characteristics in terms of ownership, tax treatment, and options at the end of the agreement. Choosing the right type of asset finance depends on factors like whether the business wants to own the asset ultimately. Asset finance can be used flexibly to meet business needs and is becoming increasingly important for SME financing.
As 19
The document outlines Accounting Standard 19 on leases. It discusses the scope, objectives and classification of leases as either finance leases or operating leases. Finance leases transfer substantially all risks and rewards of ownership to the lessee. It provides examples of finance leases and indicators. It also discusses accounting treatment, disclosures and illustrations for lessors and lessees for both finance and operating leases.
Alfian blablabla
The loyalty card can be used to access customer information to expedite verification when receiving checks, obtaining medical prescriptions, or accessing membership privileges like airport lounges with a frequent flyer card.
Applying to court to extend the deadline
Alleasing registered security interests against its customers' ABNs instead of ACNs, making the registrations defective. When Alleasing discovered this, it re-registered the interests against the correct ACNs. However, this was outside statutory timeframes. Alleasing applied to the court to extend the deadlines. The court granted the extensions, finding Alleasing's initial errors were inadvertent. The case highlights the importance of correct registration and shows courts may grant extensions for inadvertent mistakes, though insolvency cases could present stronger arguments against extensions.
Lease finance-presentation
This document provides an overview of leasing and lease financing. It defines what a lease is and discusses the key aspects of lease agreements such as rental payments, maintenance clauses, cancellation provisions, renewal and purchase options.
It distinguishes between operating leases and finance/capital leases. Operating leases are typically short-term while finance leases are longer-term and transfer most of the risks and rewards of ownership to the lessee.
The document also covers the different methods of lease financing including sales-leasebacks, direct leases, and leveraged leases. It discusses the advantages and disadvantages of lease financing for both lessees and lessors. Finally, it compares long-term debt versus leasing
IFRS 16: Leases
IFRS 16, issued in January 2016, changes lease accounting requirements for lessees. It requires all leases to be reported on the balance sheet as a right-of-use asset and corresponding lease liability. Previously, operating leases were reported off-balance sheet. The new standard aims to provide a more faithful representation of a company's financial position by bringing operating leases onto the balance sheet. For lessees, IFRS 16 eliminates the classification of leases as either operating or finance leases and requires lessees to recognize a right-of-use asset and a financial liability for all leases unless the lease term is 12 months or less or the underlying asset is of low value. Exemptions
5 Reasons Hired-In Plant & Machinery Insurance is a better option that Damage...
When hiring plant or machinery, it’s important to understand whether the hire agreement is going to provide cover in the event of any damage to the hired items. The hire agreement should outline the terms and conditions of the hire including what your responsibility is as the ‘hiree’ in the event of loss or damage to the item.
Some hire contracts may provide a damage waiver. This means you pay an additional fee to cover the item whilst on hire. However, many damage waivers provide limited cover, eg Fire & Theft only with no cover for damage whilst the item is in use and some even exclude theft.
2019 CRW Tower Crane Committee Meeting
The presentation of the Crane & Rigging Group Tower Crane Committee at the 2019 Crane & Rigging Workshop.
ACCOUNTING FOR LEASES
This document provides an overview and summary of accounting standards for lease accounting. It defines key terms related to leases and outlines the current rules for classifying leases as either finance or operating leases. It also summarizes the accounting treatment for both lessees and lessors for finance and operating leases, including required financial statement disclosures. The document concludes by mentioning that major changes to lease accounting are being considered that would require most leases to be recognized on the balance sheet.
Independent Study - College of Wooster Research (2023-2024)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...University of Calabria
The study analyzes differences and primary drivers of green performance between family firms and non-family firms
More Related Content
Similar to Finlease - Personal Property Securities Register
Four Repercussions of the New Leasing Standard
For years, lease accounting has been criticized as a means of structuring off-balance sheet financing, particularly as it related to the airline industry. In response to this feedback, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) initiated a joint project to overhaul accounting for leases in 2008, which was one of the cornerstone projects of a path towards convergence.
The FASB issued an exposure draft in 2010, but it received such heavy criticism from multiple parties that it didn't issue the final standard until early 2016. Accounting Standards Update 2016-02, Leases (ASC Topic 842) may be cumbersome to implement as it affects all leases (i.e. property, equipment, copiers) with only a few, minor scope exceptions. It also removes any differences between leases of equipment and real estate that exist in today's U.S. generally accepted accounting principles (GAAP).
Non compete deed for an employee - Template - Sample
This Employee Non Compete Deed is a contract between an Employer and an Employee (also known as a Deed of Restraint or Non Solicitation Agreement) that restrains the Employee from taking business away from the Employer during the period of employment and for a period after the employment ends.
The Agreement can protect the Employer's goodwill in its business by preventing an Employer from taking clients, customers, employees and suppliers, as well as confidential information, away from the business.
If your Employees have access to valuable client relationships and you want to make sure they don't take those relationships with them when their employment ends, you should ensure you put a binding Non Compete Deed in place. Without such an Agreement, your business could be very vulnerable.
Likewise, if you have worked hard to build up a team of great staff, you should make sure a rogue Employee doesn't decide to start up in competition with you and take your staff to their new firm. You can protect your business by requiring your Employees to sign a Non Compete Deed.
Leasing Accounting
What organizers should know.
For decades, operating leases have been used to acquire capital expenditures without the direct balance sheet implications that affect leverage.
In early 2019, new accounting rules for leases went into effect that bring operating leases onto the balancing sheet.
For decades, operating leases have been a vehicle to acquire assets without the direct balance sheet implications that might affect leverage or even covenant compliance. While most firms are prepared for the new accounting standard, does that equate to a return to traditional debt financing of capital expenditures and an exit of operating leasing as a potential financial solution?
Not so fast.
The primary impact of operating leasing is a more affordable approach to how your company uses assets. in an environment that demands that you stay on the cutting edge of technology and ever-increasing replacement cycles challenge financial managers, operating leases can still be beneficial.
Despite the recent accounting changes, there are still ongoing financial and operational benefits of operating leases worthy of consideration.
Cxc Global Agency Awr Guide
The Agency Workers Regulations (AWR) come into effect on October 1st, introducing new legislation that regulates the use of temporary and contract workers. The document outlines CXC Global's solutions that help companies comply with the AWR's requirements. It also summarizes the key points of the legislation, including an overview of the AWR, sectors that are exempt, engagement models, risk profiles, and the importance of communication between clients, agencies, and umbrella companies. Implementing the AWR properly with reliable partners, the document concludes, will allow clients and contractors to achieve their desired results.
A4 Awr Recruitment Agency
The Agency Workers Regulations (AWR) come into effect on October 1st, introducing new legislation that regulates the use of temporary and contract workers. The document outlines CXC Global's solutions that help companies comply with the AWR's requirements. It discusses reviewing business practices to determine which regulations different engagements fall under and working with clients and umbrella companies to smoothly implement new processes before the October deadline. With proper planning and reliable partners, the document concludes, companies can implement the AWR without major compliance or risk issues.
Cxc Global Guide To Awr - Agencies
The Agency Workers Regulations (AWR) come into effect on October 1st, introducing new legislation that regulates the use of temporary and contract workers. The document outlines CXC Global's solutions that help companies comply with the AWR in low risk ways. It discusses reviewing industry practices; determining risk for different engagement models; communicating with clients, contractors, and umbrella companies; and ensuring proper processes are in place to smoothly implement the AWR. With the right planning and partners, the document concludes that complying with the AWR does not need to present major hurdles.
Revenue Recognition Serial - Part 2: Step 1 - Identifying the Contract(s) wit...
Revenue Recognition Serial - Part 2: Step 1 - Identifying the Contract(s) wit...MHM (Mayer Hoffman McCann P.C.)
In this issue we will further explore the intricacies of Step 1: Identifying the contract(s) with a customer. Normally, a business knows who its customers are and can identify its contracts, however, the specific requirements of Topic 606 contain some challenges that will require judgment and documentation around these conclusions.
The application of Topic 606 and each step requires the use of judgment and provides opportunities for multiple approaches. The following discussion is broken down into a systematic framework for applying the guidance that we believe to be helpful whenever Step 1 is applied. This framework consists of three parts:
1. Determine if a contract exists
2. Determine if the contract is with a customer
3. Evaluate the five criteria in Step 1 to determine if the contract is a contract with a customer in the scope of Topic 606 (a “revenue contract”).SFO Equipment Lease Ppt
This document discusses equipment leasing and provides information on what it is, why businesses lease equipment, the types of leases available, and things a banker may not tell you about leasing. Specifically:
- An equipment lease is a contract where a lessee pays to use a piece of equipment for a set period of time and payments, without having to purchase it outright. This allows businesses to pay monthly as they use the equipment.
- Businesses lease equipment to make money from using rather than owning assets, have cash available for other opportunities rather than tied up in equipment, take faster tax write-offs, and hedge against technology obsolescence.
- There are true leases, abandonment le
Ind as 116 Leases
IND AS 116 replaces the accounting standard for leases, IND AS 17. Under IND AS 116, lessees will recognize most leases on their balance sheets as lease liabilities, with corresponding right-of-use assets. For lessors, the accounting stays almost the same. The standard provides some exemptions for short-term leases and leases of low-value items. The new standard will result in lessees reporting higher assets and liabilities. It will also affect financial ratios and may lower earnings before interest, taxes, depreciation and amortization (EBITDA).
indas116-leases-191005092644 (1).pdf
IND AS 116 replaces the accounting standard for leases, IND AS 17. Under IND AS 116, lessees will recognize most leases on their balance sheets as lease liabilities, with corresponding right-of-use assets. For lessors, the accounting stays almost the same. The standard provides some exemptions for short-term leases and leases of low-value items. The new standard will result in lessees reporting many more assets and liabilities, which will impact key financial metrics. It aims to bring transparency to companies' assets and liabilities arising from lease contracts.
What is asset finance?
Everything you need to know about asset finance, it’s benefits and how it works for businesses of all sizes.
Asset finance explained
Asset finance provides businesses with financing to purchase equipment and other assets. In 2018, the Finance and Leasing Association (FLA) provided over £33 billion in asset finance to UK businesses. Asset finance comes in various forms, including finance leases, operating leases, and hire purchase agreements. Each type has different characteristics in terms of ownership, tax treatment, and options at the end of the agreement. Choosing the right type of asset finance depends on factors like whether the business wants to own the asset ultimately. Asset finance can be used flexibly to meet business needs and is becoming increasingly important for SME financing.
As 19
The document outlines Accounting Standard 19 on leases. It discusses the scope, objectives and classification of leases as either finance leases or operating leases. Finance leases transfer substantially all risks and rewards of ownership to the lessee. It provides examples of finance leases and indicators. It also discusses accounting treatment, disclosures and illustrations for lessors and lessees for both finance and operating leases.
Alfian blablabla
The loyalty card can be used to access customer information to expedite verification when receiving checks, obtaining medical prescriptions, or accessing membership privileges like airport lounges with a frequent flyer card.
Applying to court to extend the deadline
Alleasing registered security interests against its customers' ABNs instead of ACNs, making the registrations defective. When Alleasing discovered this, it re-registered the interests against the correct ACNs. However, this was outside statutory timeframes. Alleasing applied to the court to extend the deadlines. The court granted the extensions, finding Alleasing's initial errors were inadvertent. The case highlights the importance of correct registration and shows courts may grant extensions for inadvertent mistakes, though insolvency cases could present stronger arguments against extensions.
Lease finance-presentation
This document provides an overview of leasing and lease financing. It defines what a lease is and discusses the key aspects of lease agreements such as rental payments, maintenance clauses, cancellation provisions, renewal and purchase options.
It distinguishes between operating leases and finance/capital leases. Operating leases are typically short-term while finance leases are longer-term and transfer most of the risks and rewards of ownership to the lessee.
The document also covers the different methods of lease financing including sales-leasebacks, direct leases, and leveraged leases. It discusses the advantages and disadvantages of lease financing for both lessees and lessors. Finally, it compares long-term debt versus leasing
IFRS 16: Leases
IFRS 16, issued in January 2016, changes lease accounting requirements for lessees. It requires all leases to be reported on the balance sheet as a right-of-use asset and corresponding lease liability. Previously, operating leases were reported off-balance sheet. The new standard aims to provide a more faithful representation of a company's financial position by bringing operating leases onto the balance sheet. For lessees, IFRS 16 eliminates the classification of leases as either operating or finance leases and requires lessees to recognize a right-of-use asset and a financial liability for all leases unless the lease term is 12 months or less or the underlying asset is of low value. Exemptions
5 Reasons Hired-In Plant & Machinery Insurance is a better option that Damage...
When hiring plant or machinery, it’s important to understand whether the hire agreement is going to provide cover in the event of any damage to the hired items. The hire agreement should outline the terms and conditions of the hire including what your responsibility is as the ‘hiree’ in the event of loss or damage to the item.
Some hire contracts may provide a damage waiver. This means you pay an additional fee to cover the item whilst on hire. However, many damage waivers provide limited cover, eg Fire & Theft only with no cover for damage whilst the item is in use and some even exclude theft.
2019 CRW Tower Crane Committee Meeting
The presentation of the Crane & Rigging Group Tower Crane Committee at the 2019 Crane & Rigging Workshop.
ACCOUNTING FOR LEASES
This document provides an overview and summary of accounting standards for lease accounting. It defines key terms related to leases and outlines the current rules for classifying leases as either finance or operating leases. It also summarizes the accounting treatment for both lessees and lessors for finance and operating leases, including required financial statement disclosures. The document concludes by mentioning that major changes to lease accounting are being considered that would require most leases to be recognized on the balance sheet.
Similar to Finlease - Personal Property Securities Register (20)
Non compete deed for an employee - Template - Sample
Non compete deed for an employee - Template - Sample
Revenue Recognition Serial - Part 2: Step 1 - Identifying the Contract(s) wit...
Revenue Recognition Serial - Part 2: Step 1 - Identifying the Contract(s) wit...
5 Reasons Hired-In Plant & Machinery Insurance is a better option that Damage...
5 Reasons Hired-In Plant & Machinery Insurance is a better option that Damage...
Recently uploaded
Independent Study - College of Wooster Research (2023-2024)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...University of Calabria
The study analyzes differences and primary drivers of green performance between family firms and non-family firms
5 Tips for Creating Standard Financial Reports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
一比一原版(UCL毕业证)伦敦大学|学院毕业证如何办理
UCL硕士学位证成绩单【微信95270640】《如何办理伦敦大学|学院毕业证认证》【办证Q微信95270640】《伦敦大学|学院文凭毕业证制作》《UCL学历学位证书哪里买》办理伦敦大学|学院学位证书扫描件、办理伦敦大学|学院雅思证书！
国际留学归国服务中心《如何办伦敦大学|学院毕业证认证》《UCL学位证书扫描件哪里买》实体公司，注册经营，行业标杆，精益求精！
专业为留学生办理伦敦大学|学院伦敦大学|学院毕业证offer【100%存档可查】留学全套申请材料办理。本公司承诺所有毕业证成绩单成品全部按照学校原版工艺对照一比一制作和学校一样的羊皮纸张保证您证书的质量！
如果你回国在学历认证方面有以下难题请联系我们我们将竭诚为你解决认证瓶颈
1所有材料真实但资料不全无法提供完全齐整的原件。【如：成绩单丶毕业证丶回国证明等材料中有遗失的。】
2获得真实的国外最终学历学位但国外本科学历就读经历存在问题或缺陷。【如：国外本科是教育部不承认的或者是联合办学项目教育部没有备案的或者外本科没有正常毕业的。】
3学分转移联合办学等情况复杂不知道怎么整理材料的。时间紧迫自己不清楚递交流程的。
如果你是以上情况之一请联系我们我们将在第一时间内给你免费咨询相关信息。我们将帮助你整理认证所需的各种材料.帮你解决国外学历认证难题。
国外伦敦大学|学院伦敦大学|学院毕业证offer办理方法：
1客户提供办理信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询伦敦大学|学院伦敦大学|学院毕业证offer）；
2开始安排制作伦敦大学|学院毕业证成绩单电子图；
3伦敦大学|学院毕业证成绩单电子版做好以后发送给您确认；
4伦敦大学|学院毕业证成绩单电子版您确认信息无误之后安排制作成品；
5伦敦大学|学院成品做好拍照或者视频给您确认；
6快递给客户（国内顺丰国外DHLUPS等快读邮寄）。吃吃地笑山娃很精神越逛越起劲父亲却越逛越疲倦望着父亲呵欠连天的样子山娃也说困了累了回家吧小屋闷罐一般头顶上的三叶扇彻夜呜呜作响搅得满屋热气腾腾也搅得山娃心烦意乱父亲一上床就呼呼大睡山娃却辗转反侧睡不着山娃一次又一次摸索着爬起来一遍又一遍地用暖乎乎的冷水擦身往水泥地板上一勺一勺的洒水也不知过了多久山娃竟迷迷糊糊地睡着了迷迷糊糊地又闻到了闹钟刺耳的铃声和哐咣的关门声待山娃醒来时父亲早已上班去了床头总们
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Labour Market Information Council | Conseil de l’information sur le marché du travail
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
How will new technology fields affect economic trade?
Detailed power point presentation on compound interest and how it is calculated
Detailed information about compund interest
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strategies
Economic Risk Factor Update: June 2024 [SlideShare]
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
An Overview of the Prosocial dHEDGE Vault works
How the prosocial dHEDGE earns you money while saving the world!
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
Whatsapp (+971581248768) Buy Abortion Pills In Dubai/ Qatar/Kuwait/Doha/Abu Dhabi/Alain/RAK City/Satwa/Al Ain/Abortion Pills For Sale In Qatar, Doha. Abu az Zuluf. Abu Thaylah. Ad Dawhah al Jadidah. Al Arish, Al Bida ash Sharqiyah, Al Ghanim, Al Ghuwariyah, Qatari, Abu Dhabi, Dubai.. WHATSAPP +971)581248768 Abortion Pills / Cytotec Tablets Available in Dubai, Sharjah, Abudhabi, Ajman, Alain, Fujeira, Ras Al Khaima, Umm Al Quwain., UAE, buy cytotec in Dubai– Where I can buy abortion pills in Dubai,+971582071918where I can buy abortion pills in Abudhabi +971)581248768 , where I can buy abortion pills in Sharjah,+97158207191 8where I can buy abortion pills in Ajman, +971)581248768 where I can buy abortion pills in Umm al Quwain +971)581248768 , where I can buy abortion pills in Fujairah +971)581248768 , where I can buy abortion pills in Ras al Khaimah +971)581248768 , where I can buy abortion pills in Alain+971)581248768 , where I can buy abortion pills in UAE +971)581248768 we are providing cytotec 200mg abortion pill in dubai, uae.Medication abortion offers an alternative to Surgical Abortion for women in the early weeks of pregnancy. Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman Fujairah Ras Al Khaimah%^^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Dubai Abu Dhabi Sharjah Deira Ajman
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
1. Elemental Economics - Introduction to mining.pdf
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
一比一原版(IC毕业证)帝国理工大学毕业证如何办理
IC毕业证文凭证书【微信95270640】一比一伪造帝国理工大学文凭@假冒IC毕业证成绩单+Q微信95270640办理IC学位证书@仿造IC毕业文凭证书@购买帝国理工大学毕业证成绩单IC真实使馆认证/真实留信认证回国人员证明
如果您是以下情况，我们都能竭诚为您解决实际问题：【公司采用定金+余款的付款流程，以最大化保障您的利益，让您放心无忧】
1、在校期间，因各种原因未能顺利毕业，拿不到官方毕业证+微信95270640
2、面对父母的压力，希望尽快拿到帝国理工大学帝国理工大学毕业证学历书；
3、不清楚流程以及材料该如何准备帝国理工大学帝国理工大学毕业证学历书；
4、回国时间很长，忘记办理；
5、回国马上就要找工作，办给用人单位看；
6、企事业单位必须要求办理的；
面向美国乔治城大学毕业留学生提供以下服务:
【★帝国理工大学帝国理工大学毕业证学历书毕业证、成绩单等全套材料，从防伪到印刷，从水印到钢印烫金，与学校100%相同】
【★真实使馆认证（留学人员回国证明），使馆存档可通过大使馆查询确认】
【★真实教育部认证，教育部存档，教育部留服网站可查】
【★真实留信认证，留信网入库存档，可查帝国理工大学帝国理工大学毕业证学历书】
我们从事工作十余年的有着丰富经验的业务顾问，熟悉海外各国大学的学制及教育体系，并且以挂科生解决毕业材料不全问题为基础，为客户量身定制1对1方案，未能毕业的回国留学生成功搭建回国顺利发展所需的桥梁。我们一直努力以高品质的教育为起点，以诚信、专业、高效、创新作为一切的行动宗旨，始终把“诚信为主、质量为本、客户第一”作为我们全部工作的出发点和归宿点。同时为海内外留学生提供大学毕业证购买、补办成绩单及各类分数修改等服务；归国认证方面，提供《留信网入库》申请、《国外学历学位认证》申请以及真实学籍办理等服务，帮助众多莘莘学子实现了一个又一个梦想。
专业服务，请勿犹豫联系我
如果您真实毕业回国，对于学历认证无从下手，请联系我，我们免费帮您递交
诚招代理：本公司诚聘当地代理人员，如果你有业余时间，或者你有同学朋友需要，有兴趣就请联系我
你赢我赢，共创双赢
你做代理，可以帮助帝国理工大学同学朋友
你做代理，可以拯救帝国理工大学失足青年
你做代理，可以挽救帝国理工大学一个个人才
你做代理，你将是别人人生帝国理工大学的转折点
你做代理，可以改变自己，改变他人，给他人和自己一个机会美景更增添一份性感夹杂着一份纯洁的妖娆毫无违和感实在给人带来一份悠然幸福的心情如果说现在的审美已经断然拒绝了无声的话那么在树林间飞掠而过的小鸟叽叽咋咋的叫声是否就是这最后的点睛之笔悠然走在林间的小路上宁静与清香一丝丝的盛夏气息吸入身体昔日生活里的繁忙与焦躁早已淡然无存心中满是悠然清淡的芳菲身体不由的轻松脚步也感到无比的轻快走出这盘栾交错的小道眼前是连绵不绝的山峦浩荡天地间大自然毫无吝啬的展现它的达
Recently uploaded (20)
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
Detailed power point presentation on compound interest and how it is calculated
Detailed power point presentation on compound interest and how it is calculated
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
1. Elemental Economics - Introduction to mining.pdf
1. Elemental Economics - Introduction to mining.pdf
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Finlease - Personal Property Securities Register
- 1. Personal Properties & Security Register (PPSR) September 2012
- 2. Agenda PPSA – What is it all about ? What is a PPS Lease ? Working Examples Master Agreements PPSA Checklist PPSA – How to Register Security Interest
- 3. PPSA – What is it all about? Comprehensive new Commonwealth law regulating security interests in personal property. The new law commenced on 30/1/12 and replaces 70+ Acts. “Personal property” covers basically everything except land and certain statutory licences. Clear objective of PPSA is to encourage owners of hired equipment to make their interest public by registration on the new PPS Register. If choose not to, then face the possible loss of their equipment. New reality - ownership of equipment is by itself no guarantee that they will be able to recover it in an insolvency of the customer.
- 4. What is a PPS lease? A lease or bailment of goods: For a term of more than 90 days (if serial numbered goods); OR For an indefinite term even if either party can terminate in less than a year. “Serial Number” goods are: – motor vehicles (inc vehicles that travel > 10 km/hour OR have total motor power of more than 200W. Trailers and attachments can also be caught). – watercraft, – aircraft and aircraft engines.
- 5. Working Example A hire for an indefinite period is a PPS lease from inception. Here is an example of a PPS lease: – HireCo hires a crane to CompanyA. The hire agreement describes the term as „TBA‟ and is therefore for an indefinite term. This is a PPS lease. The same conclusion applies if the hire is for a fixed term of more than 90 days.
- 6. Working Example Hires that exceed the time threshold become PPS leases even if they weren’t to begin with. Even if the hire has a fixed term shorter than the applicable PPSA time threshold, it can turn into a PPS lease when the time threshold is exceeded. It is the actual period of the hire that matters. HireCo hires a crane to CompanyA under an agreement that states the hire is for a fixed term of 89 days, but the hire actually continues for 91 days with HireCo‟s agreement. The hire becomes a PPS lease security interest when it actually exceeds 90 days.
- 7. Master Agreements Help deal with the PPSA and to clear up the issue of indefinite hire and multiple hires to one customer. Recommended way of documenting hires for PPSA purposes where the hirer is a repeat customer. Sub-hire is problematic under PPSA -sub-hirer must also register interest You would need to perfect (register) any security interest you may have in respect of the sub-hire. Otherwise if we consent to you sub-hiring our equipment we risk losing title to that equipment if you do not perfect the security interest by registering on the PPS Register and your sub-hire customer wrongfully sells it or it becomes insolvent.
- 8. PPSA Checklist 1. Have I assessed the risk involved in hiring to this customer? 2. How long is the hire going to last for? 3. Having assessed the risk - do I need to register a security interest on PPSR? 4. Using a Master Agreement – Register interest on the PPSR 5. Have I pointed out to the customer the Terms & Conditions of sub-hire?
- 9. How to Register Security Interest Visit www.ppsr.gov.au. You will need to have established an account and a secured party group.
- 10. How to Register Security Interest 7 “Clicks” to register your security Interest. www.ppsr.gov.au
- 11. About Finlease The equipment finance experts Offices Australia-wide Pre-approved funding limits arranged Property and cash flow funding Complete debt restructuring available Established in 1989 Client base >4000 (SME, Large Corporate & Government) A breath of fresh air compare to the banks
- 12. Finlease, a breath of fresh air compared to the banks. Finlease Pty Ltd 1300 346 532 finlease@finlease.com.au www.finlease.com.au