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 currently supports available counterparty workflows and fixture/unsearched sample pack shapes. It does not currently run the PPSR parts of this kit; use AFSA direct for a current PPSR result and official certificate.
Related terms
- Due Diligence Record - A Hoist record format for supported workflows; it is not an AFSA certificate, and current Hoist PPSR searches are unavailable.
- 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 uses this
Review the asset-due-diligence contract boundary in /docs. PPSR preview and paid search are currently unavailable through the Hoist API and MCP server.