Personal Property Security Register (PPSR)
The Wine Grape Council of South Australia has worked with Mellor Olsson Lawyers to develop a PPSR Registration Guide to help grape growers understand how to register security over grapes.
Taking security over grapes secures the winery's obligation to pay your invoices on time and in full. It is also important to take steps to ‘perfect’ that security interest to maximise your chances of being paid.
If you don’t take security over the grapes that you sell to a winery (and any resulting wine product and sale proceeds), or you fail to ‘perfect’ that interest you may not be able to recover the unpaid purchase price for those grapes if the winery goes into liquidation.
Taking security over grapes secures the winery's obligation to pay your invoices on time and in full. It is also important to take steps to ‘perfect’ that security interest to maximise your chances of being paid.
If you don’t take security over the grapes that you sell to a winery (and any resulting wine product and sale proceeds), or you fail to ‘perfect’ that interest you may not be able to recover the unpaid purchase price for those grapes if the winery goes into liquidation.
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Further information
The PPSR registration guide has been developed by Mellor Olsson Lawyers for the benefit of members of the Wine Grape Council of South Australia. It is intended to provide general guidance in relation to PPSR registrations and related processes. If you require further information about the content of this guide, or assistance with any issues arising in connection with PPSR registrations, please do not hesitate to contact Mellor Olsson Lawyers.
Disclaimer: This has been prepared as a general summary for your information only, without knowledge of or regard to your personal circumstances or any supply agreements which you may be a party to. This document is not intended to be, nor should it be relied upon as, formal legal advice. If you wish to consider taking further steps to secure payment of your grape supply invoices, you should consult a lawyer to determine an appropriate course of action.