Storing supporting evidence
It is important to remember that the Personal Property Securities Register (PPSR) is a noticeboard of security interests. The PPSR doesn’t store the evidence, usually documents, that underpins a security interest.
As the secured party, it is your responsibility to keep documentation relating to a security interest in a safe and accessible place. There are times when these documents may be needed – for example, in the event your customer defaults and you need to enforce your rights under the terms of your security agreement.
This may be years after you made the initial registration, so take the time now to consider how best to store this important information.
More information about how to manage your PPSR registrations is available in our Responsible PPSR registration management guide. Download it now from Business resources.