Asset due diligence is the set of checks a buyer, lender, or insolvency practitioner performs to confirm that an asset (and the counterparty trading or financing it) is what they say they are. For Australian commercial assets, the standard kit is:
- PPSR organisation search - registrations against the counterparty
- PPSR serial-number search - registrations against the specific asset (if it has a serial)
- ABN/GST verification - counterparty identity and tax status
- Trading name history - has the counterparty rebranded, hidden a previous identity?
Hoist Assets exists to make this kit fast and cheap. The output is the Due Diligence Record.
Related terms
- Due Diligence Record - The one-page PDF Hoist Assets generates after every search - summarising the inquiry, hashing the AFSA certificate, and tying it to an audit-chain entry.
- PPSR - The Australian national register where security interests in personal property are recorded.
- ABN - A unique 11-digit identifier issued by the ATO for tax and business purposes; covers companies, sole traders, partnerships, trusts.
How Hoist Assets uses this
Search the Asset due diligence via the Hoist Assets API or MCP server. See /docs for endpoints.