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Glossary

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The terms and conditions you must accept and adhere to, when using the PPSR

Personal property held by an individual and not for any use in a business with a ABN.

See definition for 'consumer property' in section 10 of the PPS Act.

Control is one way of perfecting a security interest in controllable property.

See definition for 'control' in section 10 of the PPS Act.

Copyright is a type of legal protection for ideas and information in certain forms. The most common forms are: writings, visual images, music and moving images. Copyright is intangible personal property.

This refers to crops (whether matured or not and whether naturally grown or planted) that have not been harvested.

Examples of crops include:

  • the products of agriculture or aquaculture, if the products have not been harvested, and
  • trees (but only if they are personal property), if the trees have not been harvested.

Currency that is used as a medium of exchange in Australia or any other country.

A person, organisation, company of other entity who owes a debt.

Design relates to the features of shape, configuration, pattern or ornamentation which, when applied to a product, gives the product a unique appearance. Design is intangible personal property.

A registration that has passed its expiry date or has been removed from the PPS Register.

The length of time of a registration from the start time to the end time.

When you register a security interest, you will be asked to provide a duration for the registration.

The fee charged is related to the duration chosen and can be found on the fees page, under the Fees for financing statements heading.

The duration categories are:

  • Seven years or less
  • More than seven years but less than 25
  • No stated end time

Registrations in respect to goods with a serial number, such as watercraft, are limited to a maximum of seven years in duration.

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