Glossary

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Someone who accesses the PPSR without creating an account.  A casual user is only able to perform certain searches on the PPSR.  You must create an account to create registrations.

A unique sequential number that is allocated for certain transactions relating to a registration, including creation, amendment or discharge.

This is the type of change that generates a change number for a registration.

For non-registration events this is the type of change performed on the register.

The Chassis number is a serial number used to identify a motor vehicle manufactured prior to 1989.

It is made up of a series of numbers/letters that are attached or stamped on the vehicle's chassis by the vehicle manufacturer to identify the vehicle.

A writing which evidences both a monetary obligation and a security interest in, or lease of, specific goods; for example, a hire-purchase agreement. It would not include a negotiable instrument, an investment instrument, an investment entitlement or a document of title.

The Convention on International Civil Aviation signed on 7 December 1944 in Chicago. The Chicago Convention establishes rules on the allocation of nationality and registration marks for aircrafts.

Under this Convention, Australia is assigned the nationality mark 'VH'. An example of a nationality and registration mark for an Australian aircraft is 'VH-WOV'.

Circuit layout refers to the original layout designs for integrated circuits and computer chips. Circuit layout rights are intangible personal property.

For the purposes of Part 9.5, has the meaning given in section 340 of the PPS Act.

Personal property offered up as security for a debt or other obligation owed to sellers, financiers or other secured parties.

Collateral is personal property that has a security interest attached to it and must be described when registering on the PPSR.

Used to describe the personal property that is being used to secure payment or performance of an obligation.

The PPSR separates collateral classes under four broad categories:

  • Tangible property
    • Motor vehicles
    • Watercraft
    • Aircraft
    • Agriculture
    • Other goods
  • General property
    • All present and after acquired property – no exceptions
    • All present and after acquired property – with exceptions
  • Intangible property
    • Account
    • General intangible
    • Intellectual property
  • Financial property
    • Chattel paper
    • Currency
    • Document of title
    • Intermediated security
    • Investment instrument
    • Negotiable instrument

Each registration must only relate to a single collateral class. Please see the Collateral class page for more information.

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