We have been talking to a number of clients that have experienced the new pricing regime for the PPSR, that came into effect on 1st August. Many have found the new regime a little hard to digest and are looking for ways to save on the $20 per registration charge. Just to recap, the charges that came into effect on 1st August are an increase of 550% for registrations and Renewals, and 300% for PPSR searches.
The good news however is that if you use the PPSR G2B interface, the new prices are halved.
|Service||Current Fee||With PPSR G2B||Without PPSR G2B|
|Register a Financing Statement||$3.07||$10.00||$20.00|
|Renewing a Financing Statement||$3.07||$10.00||$20.00|
To access the reduced price for PPSR registration and searches, you need to use the finPOWER PPSR G2B Module – or the equivalent in finPOWER Connect. If you are currently licenced to use the Security Register Add-On, then the PPSR G2B module will save you money if you do 3 or more registrations per week after one year. For more information on how to save both time and money, and to improve accuracy, then please email Paul at your convenience.
For information of the PPSR G2B Add on, click here.
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