Registration
An entry on the PPSR recording a security interest; the main way to perfect an interest.
A registration costs $6 for up to seven years, $25 for up to 25 years and $115 with no end date. It must be made within the timing windows that matter: for inventory, before the customer takes possession; for other goods, within 15 business days of possession; and for company customers, within 20 business days of the agreement under s588FL of the Corporations Act.
Related terms
- Perfection — The step that makes a security interest effective against third parties and insolvency practitioners, usually registration.
- Registration timing — The windows that decide whether a registration gets PMSI priority and survives s588FL.
- Duration (end time) — How long a registration lasts: up to 7 years, up to 25 years, or no end time.
Need this registered, not just defined?
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