As I go around to different businesses of varying sizes from the large multiple employees to the not so large 1-2 staff operations, it never ceases to amaze me the number that have no idea as to the complications and implications of not only the PPSA Legislation but now the new Privacy legislation has on their respective businesses.
I have to say that when the time comes ignorance is no excuse and of no benefit in a court of law. Gone are the days of, â€œIf I get caughtâ€!! We are now in the time of â€œWhen you are caughtâ€ by a defaulting payer. Sadly more and more Companies, Partnerships and Sole Traders are going to the wall because they do not, have not and will not comply with the aforementioned Legislation changes. This all starts with having the correct Terms Of Trade in place and the support of a Debt Recovery Agency with both the skills and knowledge to work on their behalf within those Terms Of Trade
Any Business today that is not compliant with the appropriate Terms of Trade in place and are using same for every Quote and/or Contract, is just waiting to be the next VICTIM in a long line of unpaid Victims that I see or hear about every day. Don't be the next business I hear about. Be smart get Compliant. Yes there is a cost involved, but not doing something about it could cost you and your business and in some cases everything you have.