Business
The new PPS Register is part of a reform that affects the way businesses deal with secured lending in Australia.
The PPS Register is a new national online register that replaces a number of state, territory and Commonwealth registers. The register is created under the Personal Property Securities Act 2009 (Cth), which contains a single set of rules about security interests in personal property (not land).
Personal property includes goods, as well as intangible property and in the case of business may include inventory, shares, and plant and machinery.
Importantly, business owners need to be aware of changes affecting arrangements such as the supply of goods on:
- lease
- consignment, or
- retention of title arrangements.
For more information, including the fees payable when searching or registering a security interest in the PPS Register, visit for business.