PPSR
The Personal Property Securities Register, Australia's national online register of security interests in personal property.
The PPSR is run by the Australian Financial Security Authority (AFSA) under the Personal Property Securities Act 2009. Anyone can search it for $2, and a secured party can register an interest for $6 (up to seven years). It replaced more than 70 state and territory registers in January 2012. The register records that a party claims an interest in goods or other property; it does not record the agreement itself.
Related terms
- PPSA — The Personal Property Securities Act 2009 (Cth), the law behind the PPSR.
- Security interest — An interest in personal property that secures payment or performance of an obligation.
- Registration — An entry on the PPSR recording a security interest; the main way to perfect an interest.
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