FAQ: What happens to the existing security interest registers?
What happens to the existing security interest registers?
As a consequence of the creation of the PPSR, a large number of existing Commonwealth, State and Territory security registers will close. These include the register of security interests over company assets maintained by ASIC, various state-level vehicle security registers (VSR, REVS, etc), and more.
Most security interests which were previously registered with these registers will be automatically transferred to the PPSR.