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Glossary

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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.

Examples:

Current HIN format - AU-TRX48119H765
AU-  TRX  48119 H7 65
country of origin   manufacturer’s identity code (MIC)  serial number month and year of manufacture model year
Australia TELWATER (USA) LLC unique identifier March 2007 1965

Other HIN formats (12 characters)

Pre August 1984

Format 1 – no country prefix - ABC 12345 1278
ABC        12345 1278
manufacturer’s identity code (MIC)  serial number certification date
Format 2 – no country prefix - ABC 12345 M78D
ABC 12345 M78D
manufacturer’s identity code (MIC)  serial number alternative certification date

(the ‘M’ is an indicator that the characters following it indicate year and month of production – so in this case it would be November 1978)

Month encoding A – L
Month Table 1 Table 2
  1972 – 1984 1984 +
January F A
February G B
March H C
April I D
May J E
June K F
July L G
August A H
September B I
October C J
November D K
December E L

This is the type of identifier used for organisations (both grantors and secured parties), which includes the ABN, ACN, ARBN and ARSN.

Access the Australian Business Register's ABN Lookup.

Intangible property, for the PPS Act and the PPS Register, means personal property that is not any of the following:

  • financial property
  • goods, or
  • an intermediated security (see 'intermediated security').

See definition of 'intangible property' under section 10 of the PPS Act.

As a collateral class, includes rights in a design, patent, trade mark, copyright or circuit layout, or plant breeder's rights.

See definition of 'intellectual property' under section 10 of the PPS Act.

In relation to personal property, includes a right in the personal property.

Any individual or business entity that is interested in a specific collateral registration and/or information held on the PPS Register.

The Registrar or the Personal Property Securities Service.

Personal property used in the ordinary course of business by an entity with an ABN, including:

  • property held for sale, or lease
  • property held to be provided under a contract for services
  • property held as raw materials or as work in progress, and
  • property used or consumed as materials.

See definition of 'inventory' under section 10 of the PPS Act.

In general, this is a document such as a share certificate, promissory note, or bond, used as means to acquire equity capital or loan capital. Also called financing instrument.

Refers to certain financial products, including:

  • a share in the body, or a debenture in a body
  • a derivative
  • a foreign exchange contract that is not a derivative
  • an interest in, or a unit in an interest in, a managed investment scheme
  • a unity in a share in a body, and
  • a financial product traded on the financial market that is operated in accordance with an Australian market licence or exempt from the operation of Part 7.2 of the Corporations Act 2001;

but does not include:

  • the creation or transfer of a right to payment in connection with interest in land (where the written evidence of the transfer does not specifically identify the land)
  • a document of title
  • an intermediated security, and
  • a negotiable instrument.

See definition of 'investment instrument' under section 10 of the PPS Act.

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