Fees
Cost recovery
The PPS Register operates on a cost recovery basis in accordance with Australian Government policy and incorporates the provision of services online, by phone and by hardcopy (mail and fax).
The Personal Property Securities Service will conduct searches for people over the phone. However, it will only process registrations, including amendments and discharges, on receipt of a hard copy form.
The Cost Recovery Impact Statement (CRIS) for the period January 2012-June 2013 has been certified by the Secretary of the Attorney-General’s Department. The purpose of the CRIS is to outline the cost recovery arrangements for the Personal Property Securities Register and their compliance with the Australian Government Cost Recovery Guidelines. A copy of the CRIS can be found at:
A proposed cost recovery statement for 2013-14 and 2014-15 financial years is available. See Cost recovery impact statement.
December 2011 - PPS Register fees
The Personal Property Securities (Fees) Determination 2011 was made under subsection 190 (1) of the Personal Property Securities Act 2009 by the Attorney-General and registered on the Federal Register of Legislative Instruments on 16 December 2011. You may view the determination and explanatory statement at: http://www.comlaw.gov.au/Details/F2011L02719/Html/Text#_Toc310520280
The fees table below is extracted from the determination.
Fees for PPSR users
The fees table below is extracted from the determination.
Activity | Online Fees | Contact Centre Fees |
|---|
REGISTER A FINANCING STATEMENT | | |
Register a Financing Statement for a not stated end time | $130.00 | $144.80 |
Register a Financing Statement where the duration is 7 years or less | $7.40 | $22.20 |
Register a Financing Statement where the duration is more than 7 years but less than or equal to 25 years | $37.00 | $51.80 |
Transitional Security Interest (Note 1) | Nil | Nil |
ATTACHMENTS | | |
Attach a document to a Financing Statement | $3.70 | $11.60 |
AMEND FINANCING STATEMENT | | |
Amend a Financing Statement for a not stated end time (eg. additional grantor) | $130.00 | $144.80 |
Amend a Financing Statement where the duration is 7 years or less (eg. extension of end date, addition of a grantor) | $7.40 | $22.20 |
Amend Financing Statement where the duration is more than 7 years but less than or equal to 25 years (eg. extension of end date, addition of a grantor) | $37.00 | $51.80 |
Minor amendment to Financing Statement or a change of free text description of collateral (where change of details does not impact on end date, result in additional grantor) | $3.70 | $11.60 |
Change the end time of a registered Financing Statement to an earlier time | Nil | Nil |
Remove grantor (where the registration has more than one grantor) from Financing Statement | Nil | Nil |
DISCHARGE FINANCING STATEMENT | | |
Discharge Financing Statement | Nil | Nil |
MANAGE SECURED PARTY GROUPS | | |
Establish a Secured Party Group or amend details | Nil | Nil |
Transfer single or all registrations to another Secured Party Group | Nil | Nil |
Change address for service for a Secured Party Group | Nil | Nil |
SEARCHES (note 2) | | |
Search of the register by grantor (note 3) | $3.70 | $3.70 |
Search of the register by serial number (note 3) | $3.70 | $3.70 |
Search of the register by registration number (note 3) | $3.70 | $3.70 |
Undertake an ordinal search of the register | $3.70 | $11.60 |
| Undertake a point in time search of the register | N/A | $11.60 |
CERTIFICATES AND RESULTS | | |
Issue of a search certificate (note 2) | Nil | Nil |
Reissue search certificate (note 4) | $3.70 | $11.60 |
Issue search results in hard copy form or electronic media (DVD) | $29.50 | $29.50 |
OTHER | | |
Issue a copy of a verification statement | $3.70 | $11.60 |
Weekly Extract Report (Authorised Account Holders only) | $30.00 | $30.00 |
Develop a special purpose report for Account Holders ($ per hour) | N/A | $200.00 |
Note 1: The PPS Act provides a 24 month transitional period to register existing security interests. Registration of transitional security interests during this period is free.
Note 2: The fee for a search allows drill down on each returned registration. The fee also includes the issue of a search certificate. A search may be re-accessed during the 24 hour period immediately following the provision of the search results.
Note 3: Basic searches through the contact centre will attract the same fee as an online basic search.
Note 4: A search certificate may be reissued, outside of the 24 hour free re-access period, by accessing the search results.
Note 5: The above fees are not subject to GST.