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Glossary

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An intermediary or broker who is authorised to conduct transactions on behalf of a secured party.

Each registration is issued with a registration token (or token). A token is used to authorise a user to amend or discharge a registration. A record of the token should be kept safe and made available only to personnel authorised to amend or discharge a registration. There is only one token per registration. If a token is lost or compromised a new token can be requested.

A trade mark can be a word, phrase, letter, number, sound, smell, shape, logo, picture, aspect of packaging or a combination of these. It can also protect brand names. A trade mark is intangible personal property.

'Transacting on behalf of' is when a user transacts on the PPS Register on behalf of another person. Typically this may be done when the Personal Property Securities Service undertakes a PPS Register function on behalf of member of the public who has contacted them.

Is a register that is held by the officer or agency of the Commonwealth or a state or a territory which contains data which will be migrated to the PPS Register.

Means a security agreement that was in force immediately before the 30 January 2012 and that continued to be in force after that time.

See section 307 of the PPS Act for the definition of 'transitional security agreement'.

A transitional security interest (TSI) is an interest in personal property that, in substance, secures payment or performance of an obligation which existed prior to 30 January 2012.  TSIs also include security interests that didn’t exist at 30 January 2012, but were created under a security agreement that existed prior to 30 January 2012 and continued to exist after that time.

See section 308 of the PPS Act for the definition of 'transitional security interest'.