Glossary

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The unique identifying numbers/letters that are stamped or attached to an aircraft or motor vehicle by its manufacturer.

Fees are charged for some transactions undertaken on the PPS Register.

Methods of payment include:

  • pay-as-you-go (fees paid by credit card as they are incurred – this is the default method)
  • pre-payment (users credit money into their account, and this account is drawn down as transactions are being undertaken)
  • invoicing (the account customer is sent an invoice for transactions undertaken during the invoice period).

Account customers may apply to the PPS Registrar's Office to use a different payment method (other than pay-as-you-go or pre-pay) for their account.

Security interests that have previously been registered in a transitional register prior to PPS Register registration commencement time, and which have been migrated to the PPS Register.

See definition for 'migrated security interest' in section 332 of the PPS Act.

The time at which data from transitional registers (registers of security interests in existence prior to the PPS registration commencement time, such as the ASIC charges register and state and territory registers of encumbered vehicles) are migrated to the PPS Register.

A car, truck, motor bike, tractor, trailer, caravan or other property that:

  • has one or more motors with total power greater than 200 W or capable of propelling the property to speeds of at least 10km/h, or
  • is capable, when being towed or attached to a motor vehicle, of travelling at a speed greater than 10 km/h

and which has a vehicle identification number, a chassis number, or a manufacturer's number.

Starting on 1 July 2014, an amendment to sub-regulation 1.7(2) of the Personal Property Securities Regulations 2010 will narrow the definition of motor vehicle for the purposes of the PPS Act. The definition will apply to security interests (including PPS Leases) entered into on or after 1 July 2014. This will normally include, for example, leases entered into on or after 1 July 2014 even if they involve terms established under an earlier general agreement with a lessor.

Property is a motor vehicle under the PPS Act if it is built to be propelled wholly on land by a motor that forms part of it (but not if it runs on rails, tram lines or other fixed path), has a unique serial number and:

  • up to the end of 30 June 2014 (the old definition) is also capable of travelling at more than 10km/hr OR has a total motor power greater than 200W.
  • starting on 1 July 2014 (the new definition) the property is also capable of travelling at more than 10km/hr AND has a total motor power greater than 200W.

Regulation 1.7(3) will not change, so some types of property with a serial number and wheels that are built to be towed at more than 10km/h will still be a motor vehicle. Examples include caravans and trailers.

Multi user accounts are PPS Register accounts that can have more than one user. The account administrator for such an account can create multiple users that can transact on behalf of the account.