Glossary

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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.

It is a unique identifier of 14 characters and numbers for a boat allocated by a registration authority of a state or territory or other authorised persons. (e.g. AU-TRX 48119 H765)

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

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.

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