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Jewellers Association of Australia Urges Suppliers to Register Under PPSR

January 24, 2014

The Jewellers Association of Australia (JAA) is continuing their efforts to raise awareness to the jewelry industry of The Personal Property Securities Register (PPSR), which was introduced in early 2012 and replaced the Retention of Title (ROT) rules on goods supplied.

The new regulation will require retailers to deduct the value of any unpaid goods from their stock, potentially decreasing asset value.

The deadline for the transition period of complying with this will be on January 31, 2014.

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