FAQ: What is the Personal Property Securities Register (PPSR)?
What is the Personal Property Securities Register (PPSR)?
PPSR stands for Personal Property Securities Register.
The PPSR is a register administered by the Australian Government which allows finance companies and other businesses to register their security interests (collateral) over Personal Property, and allows other parties to search and view these security interests.
It was created via the Personal Properties Security Act 2009 and opened on 30 Jan 2012, providing a single, national register for security interests over personal property and replacing over 70 existing Commonwealth, State and Territory security registers. The introduction of the PPSR will reduce uncertainty in the law and practice surrounding personal property securities, and reduce the unnecessary costs involving personal property securities.
For more information about the purpose and functions of the PPSR, please see "How does the PPSR work?"