The PPS Register
The PPS Register is administered by the PPS Registrar, whose office is within the Australian Financial Security Authority (AFSA). The Register is the central part of PPS reform.
Consumers and business operators can search the PPS Register when they need to know whether certain personal property has a security interest registered against it.
The PPS Register is a single point of contact register for consumers, businesses and the finance industry.
The PPS Register will be used in many situations including:
- finance companies that provide loans on the basis that they receive a security interest in an item of personal property to register their interest in the property on the PPS Register
- business operators who sell personal property on credit, consignment, or on a retention of title arrangement to register their interest in the property on the PPS Register, and
- consumers who are about to purchase personal property, such as valuable second goods, to search the register before buying to make sure that the property is free of a security interest.
The Register can be accessed electronically seven days a week, 24 hours a day.
Use of the PPS Register is voluntary.
The legislation that established PPS reform is the Personal Property Securities Act 2009 (Cth).
What information can be recorded on the PPS Register?
Security interests can be registered on the PPS Register if they:
- are created by an agreement made in any state or territory of Australia, or
- relate to a corporation incorporated under Australian law.
This registration is known as a financing statement, which is the data entered into the PPS Register about the security interests, and which provides people who may search the Register with relevant information about the property registered.
Some non-security interests may also be registered on the PPS Register by the state and territory governments as a consumer protection measure. These include hoon liens and orders made under proceeds of crime legislation.
For more information about hoon lien see the fact sheet:
New rules establish priority
After they are recorded on the PPS Register, security interests will be subject to new rules about the priority order between security interests where there are a number of security interests registered against the same personal property. This will be important in the event of bankruptcy or insolvency. This will provide more certainty for finance companies, as well as business operators who supply personal property on credit, consignment, or retention of title arrangements. For more information, visit the for business page.
About to buy personal property?
A consumer may benefit from searching the PPS Register.
A search on the PPS Register will enable a consumer to find out whether there is a security interest registered against personal property that they may be about to buy, such as a car or a boat.
Have you bought goods with a security interest attached?
If a consumer has purchased an item of personal property, which they have used to secure a loan, they may wish to search the register to see if the finance company has registered the security interest and listed the correct property with the security interest attached.
Need more information about the Register?
Read the PPS Register and priorities information sheet.