What Is The PPSR

Personal Property Securities Register (PPSR) is a national online register that can provide information to help protect purchasers when they are buying personal property such as cars, boats or artworks (not including land or buildings) or commercial property such as a piece of machinery.

If you check the PPSR before you buy, you can find out if the commercial or personal property you are buying has a security interest attached to it. This is important because if you buy property subject to a security interest, it is possible that the person or entity with the security interest will repossess it.

Why use the PPSR for your business?

The register also offers your business excellent risk protection. It is also a tool that can help you raise finance using your business goods and assets.

Using the register can also protect you in the following ways:

When buying goods

Searching the register lets you know if the valuable goods you are interested in buying are being used as security for a debt or other obligation. The register won’t tell you the value of the obligation, but it lets you know who the obligation is owed to so you can find out more.

For example, someone may try to sell you used goods, such as a van or piece of machinery, without telling you they still have finance owing on it.

And if they stop making payments on the loan there’s a very real chance the finance company can turn up on your doorstep and take those goods away, without paying you a cent for your loss.

When leasing, renting or hiring out goods

If the lease or hiring arrangement is for at least one year, could last for more than one year, or is for an indefinite period, then this applies to you.

Making a registration helps protect your interest in your goods or assets when they are not in your possession.

It shows you are claiming an interest over the goods or assets you are hiring, renting or leasing out. If you don't make a registration and your customer goes broke—your stuff may be sold to pay creditors.

Think you’re already covered with a contract?

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