PERSONAL
PROPERTY
SECURITY
REGISTRY
The PPSR is an online notice registry that allows individuals and juridical entities to create, perfect, and register security interests over personal property.
WHAT PPSR OFFERS
ONLINE REGISTRATION OF SECURITY INTEREST
Register Notice
Registering on the PPSR means creating an official record that indicates a creditor’s claim over personal property as collateral for a loan or obligation. This record helps protect the interest creditor’s in the property
Search Notice
Searching the PPSR allows individuals or businesses to check if there are any existing claims or security interests registered against personal property. This is important for potential buyers or lenders to ensure the property is free from other claims.
Amend Notice
Amending a registration involves updating or modifying the details of an existing record. This could include changes to the creditor’s information, the description of the collateral, or the terms of the security interest.
Terminate Notice
Terminating a registration on the PPSR means removing the record from the registry. This typically happens when the secured obligation has been fulfilled, and the creditor no longer has a claim over the property.
Certify Notice
Certifying involves obtaining an official document that confirms the details of a registration or search result. This certified document can be used for legal or official purposes.
Auction
An auction notice is a public announcement that personal property, which is subject to a security interest, will be sold at auction. This usually occurs when the debtor defaults on their obligation, and the creditor exercises their right to sell the collateral to recover the debt.
PPSR Made Simple: Video Tutorials
Discover the simple steps for using the PPSR by following these comprehensive video tutorials.
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