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'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.
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.