When selling on retention of title or consignment, or hiring or leasing out goods – properly registering can protect your interest should any of your customers not pay and go broke. Even if the goods or assets are sold on, mixed or installed onto other goods.
If you don’t make a registration of your interest in those goods and your customer goes broke before they have fully paid you, your stuff may be sold to pay secured creditors first. If you are not registered, you will be an unsecured creditor in an insolvency and may not recover much, if anything, of what you are owed.
It is important to note that the PPSR is only a noticeboard of security interests, so if you claim any type of interest other than a security interest over IP, be aware that ownership or transfers of the IP (like trademarks) do not appear on the PPSR.
Visit IP Australia for information on IP rights and legislation relating to patents, trademarks, designs and plant breeder's rights.