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Glossary

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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.

The end date of a registration. This is the date at which the registration expires.

Expiry will occur at the last moment of the nominated end date (that is, at 23:59:59 on the end date).

Financial Property is one of the four collateral class categories. It includes personal property such as currency, document of title, shares and cheques.

The information entered by a secured party when making changes to an existing registration on the Personal Property Securities Register (PPSR).

The information entered by a secured party when making a registration on the Personal Property Securities Register (PPSR).

The period in which a search result may be accessed without payment of a further fee.

Also known as GONI

This is your internal reference number that assists to identify your registration.

E.g your customer/client ID number, your account number or client reference number

As a secured party you can choose to enter a giving of notice identifier (GONI) on a PPSR registration which identifies a record of the registration for your secured party.

The giving of notice identifier, where it exists, must be included in correspondence to the secured party relating to that registration.

Goods means tangible personal property, including:

  • crops
  • livestock
  • wool
  • extracted minerals, and
  • satellites and other space objects

but does not include financial property or an intermediated security.

An individual or an organisation who owns or has an interest in the personal property to which a security interest is attached.

A grantor includes an individual or an organisation who receives goods under a commercial consignment, a lessee under a PPS lease, and a transferor of an account or chattel paper.

Grantor identification or identifier refers to the details that are used to identify the grantor in a registration.

The rules for grantor identification are set out in the PPS Regulations.

In brief, the Regulations provide that where the grantor is an individual, the identifiers are to be sourced from the documents in this order:

  • the current driver's licence issued by an Australian state or territory
  • proof of age card issued by an Australian state or territory
  • Australian passport
  • Australian visa
  • passport from country grantor usually resides, or
  • details on birth certificate.

If the grantor is an organisation, different rules apply depending on whether the grantor is a body corporate, a partnership, trustee of a trust, or a body politic.

See the PPS Regulations for more information on the grantor identification rules.

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