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Introduction
The Australian Financial Security Authority (AFSA) is committed to working closely with a wide range of user and industry groups. Our stakeholder engagement for the Personal Property Securities Register (PPSR) is based on three stakeholder forums that meet on a regular basis.
Each forum operates to distinct terms of reference, having its own specific focus, membership and level of expertise:
- Stakeholder forum (regulatory roundtable) – membership includes c-suite representatives of peak industry and business groups
- Financier forum – membership includes representatives from the banking and finance sector
- Technical forum – membership includes key technical/operational users of PPSR that support different sectors of the economy and are closely involved with operational aspects of the PPSR
This structured approach enables AFSA to manage different interests and expectations and ensure stakeholders have certainty in the opportunities to raise issues, provide feedback and work collaboratively with AFSA on current and planned enhancements to the PPSR.
Our work with stakeholders has also been essential in identifying areas of potential misuse that impact on data integrity. Stakeholders have played a valuable consultative role in the development of solutions to prevent misuse, while also acting as a highly effective channel to encourage users to self-regulate.
PPS Stakeholder Forum (Regulatory roundtable)
Purpose
- Promote collaboration and transparency by bringing together a cross-section of senior stakeholders to discuss issues and opportunities relating to the PPSR
- Facilitate the sharing of insights and feedback to support ongoing improvements in the operation and accessibility of the PPSR
- Support AFSA’s role as stewards of the PPSR system, working in partnership with industry on education, compliance and regulatory matters.
Frequency of meetings
Bi-annually – or as agreed Membership
- Senior executive leaders, including CEOs of major financial institutions and peak industry bodies
- Academic experts with national standing in personal property securities law and policy
- High-level representatives from government, legal, and regulatory sectors
Note: The Treasury will be invited to attend meetings to enable communication relating to future policy development if appropriate.
PPSR Financier Forum - Terms of reference
Purpose
This forum will provide an opportunity for industry participants to collaborate with AFSA on PPSR operational issues.
Topics will include (but are not limited to):
- Enable industry to table feedback and raise issues relating to PPSR
- Share operational updates and key messages to assist users in understanding how the PPS regime is operating
- Provide AFSA with an understanding of user needs to support user-centred service design and delivery of effective communication
Note: The forum is not a decision-making body.
Frequency of meetings
Tri-annually
Membership
- Banking and finance sector representatives
Meeting Minutes
PPSR Technical Forum - Terms of reference
Purpose
This forum will provide an opportunity for industry participants to collaborate with AFSA on PPSR technical/operational issues and enhancements.
Topics will include (but are not limited to):
- Inform future enhancements to the PPSR and associated business practices
- Enable industry to table feedback and raise issues relating to PPSR
- Provide AFSA with an understanding of user needs to support user-centred service design
- Provide collaboration between AFSA and industry to inform and deliver effective communication across industry sectors
Note: The forum is not a decision-making body.
While AFSA will carefully consider any feedback from industry stakeholders, it will not be bound to any particular course of action by the forum’s discussion.
Frequency of meetings
Tri-annually
Membership
- Large users of the PPSR
- Top B2G users