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The PPSR & your business

How can I protect my business?

The Personal Property Securities Register, or PPSR for short, can help. The PPSR is a single, national online database that shows you whether someone is claiming a security interest in goods or assets.

You can also make a registration so others know when you have retained an interest in goods you are supplying, or leased/rented out goods for more than two years. This means that if your customer doesn’t pay, or goes out of business, you are in the best position to get your goods, or their value, back.

A written agreement may not be enough to protect you on its own. If you don’t register on the PPSR and the business you’re dealing with goes out of business before they pay you, you could end up out of pocket.

You can also search the PPSR before buying valuable second hand goods, for example vehicles and machinery. If you buys goods that have money owing against them, they could be repossessed, even after you’ve paid for them. A PPSR search will help you identify if money is owing against a vehicle or other machinery before you buy it.

A PPSR search costs as little as $2, and a 7-year registration is $6.

What is ‘personal property’?

Personal property is a legal term that means any property that is not land, buildings or fixtures. Personal property covers a lot – some common examples include:

  • Cars and utes
  • Trucks, tractors and trailors
  • Machinery
  • Tools
  • Scaffolding and temporary fencing
  • Building materials (before they’re actually fixed to the build)
  • Your ‘stock’ if you’re a manufacturer, for example clothing, wine and furniture
  • Jewellery and artworks

You can find a full list of personal property here.

Guidance to help you during COVID-19

COVID-19 has impacted thousands of businesses across Australia. Some have been forced to close for an extended period, while others have remained open, but with significantly reduced revenue.

Even if your business has managed to navigate these difficult economic circumstances, you could still be at risk if your customers go out of business.

We have developed new resources to help you during COVID-19.