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Goods means tangible personal property, including:
- 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.
'Groups', in relation to transactions that can be undertaken on the PPS Register by a user, refers to the logical grouping of roles for an account customer or internal organisation.
In relation to groups of secured parties, see SPG (secured party group).
Helicopter means machines (other than those used in military, customs or police services) lifted by power-driven rotors and which are certified by a competent authority (in Australia this is the Civil Aviation Safety Authority) to transport:
- at least five persons including crew, or
- goods in excess of 450 kg.
See definition of 'helicopter' in the Regulations.
Aircraft that is further described as helicopter must be described by serial number in a registration. The serial number for helicopter comprises:
- the helicopter's manufacturer's number; that is, the serial number attached to the helicopter by the manufacturer
- the manufacturer's name, and
- the manufacturer's generic model description.
A HIN is the nautical equivalent of the VIN (Vehicle Identification Number) on your car. Most Australian boats will have a HIN attached or stamped into the hull. This is usually a 14 character alphanumeric code containing letters and numbers that identify the country, manufacturer, serial number and date of manufacture.
In relation to personal property, includes a right in the personal property.