The PPS Register can be searched using either
- the serial number of the collateral (for example, the VIN of a motor vehicle), or
- the details of the grantor.
Where a search is undertaken against an individual grantor, the PPS Act requires that the search must be undertaken by a person with an authorised purpose (as set out in section 172 of the PPS Act).
Searching for an individual grantor without an authorised search purpose can attract serious penalties.
Valid reasons include when you:
- are searching on your own details
- have been given the person's consent to search using their details
- are considering providing credit to the individual
- are considering going into business with or investing in the individual
- have a security interest already over the individual's property
- need to check if there is a security interest registered against the individual's property
- have taken control of the person's property as a result of administration or bankruptcy.
- are the legal representative of the individual.