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Glossary

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A patent is a right granted for any device, substance, method or process which is new, inventive and useful. A patent is intangible personal property.

For more information on intellectual property, including patents, go to the IP Australia website.

PBRs are exclusive commercial rights to a registered variety of plants. PBRs are a form of intellectual property and are administered under the Plant Breeder's Rights Act 1994 (Cth). PBR is intangible personal property. The Plant Breeder's Rights Act is available on the Comlaw website.

Patent Cooperation Treaty number. An international patent application number issued under the Patent Cooperation Treaty. See the IP Australia website for more information about the PCT number.

New registration applications that are incomplete can be saved as pending. A pending application has no legal status and is not shown publicly on the PPS Register.

The PPS Register allocates a number to the pending application and the application can be accessed by entering in this pending application number.

Pending applications are deleted after a set period. No records will be kept of deleted pending applications.

The period of time before which pending applications are deleted.

Giving your security interest the best priority and effectiveness, and enabling it to be enforced against the customer and third parties (including on insolvency) if and when needed, by a properly attached and documented security interest being registered on the PPSR.

Less common alternative forms of perfection: possession of tangible property, or control of some financial property.

Permissions, in relation to transactions on the PPS Register, refers to the ability to undertake tasks or transaction on the PPS Register.

Each permissible action in the PPS Register should have at least one corresponding permission to authorise it. For example, the details of a registration can be retrieved, provided the corresponding registration token is supplied.

Permissions are not directly assigned to a user of the PPS Register. Roles are formulated from a conglomeration of permissions. All actions that a user can take are authorised through the appropriately assigned groups of roles.

This is property to which the Personal Property Securities Act 2009 (Cth) applies.

It is property, other than land, buildings and fixtures to land including:

  • goods
  • motor vehicles
  • planes
  • boats
  • intellectual property (such as copyright, patents and designs), bank accounts and debts (sometimes known as receivables)
  • shares and other financial property
  • and private commercial licences

It does not apply to direct water rights, nor to most government issued licences or rights. See also consumer property, commercial property, financial property and intangible property.

The Personal Property Securities Act 2009 (Cth) is the law on security interests in personal property. It also established the PPSR. AFSA, through the Registrar of Personal Property Securities, administers the PPSA and the PPSR.

The PPSR is the official government register of security interests in personal property – these are debts or other obligations that are secured by personal property. It’s an online noticeboard accessible by the general public 24/7 and is not a register of title or ownership of personal property.

The PPSR started on 30 January 2012 and replaced many state based registers, (such as REVS and other vehicle registers and the ASIC Register of Company Charges), to form one national register.

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