Transferring a registration

You can transfer a registration from one individual or organisation (secured party) to another. This happens when a security interest is assigned or purchased by another secured party. You can transfer a single, multiple or all registrations.

Number of transfers

Transfer options with the PPSR are: Transfer All, Transfer Multiple and Transfer Single.

If you are an account customer default user, you can only transfer the ownership of a single registration.

If you are system administrator or user with the appropriate permissions you can transfer a single, multiple or all registrations.

B2G customers have the capability to transfer multiple registrations between SPG's and receive a single notification via the B2G channel.

What do I need?

To do this you will need either:

The PPSR registration number(s) and associated token(s) or the secured party group number (SPG) and secured party group (SPG) access code.

You will also require the Secured party group number that the registration(s) are being transferred to.

You will also need to be an account user with the appropriate permissions to transfer registration(s).

Transferring registration options

There are two methods for transferring registrations:

Manage secured party group option

You can use this option to transfer one, more than one or all registrations from one SPG to another.

Log into the PPSR.

Go to manage a secured party group.

Retrieve the existing secured party group. You will need to enter the SPG group number and SPG access code.

Click retrieve group.

Your group will be retrieved.

Select the group registrations tab.

Find the registration(s) you are transferring using the PPSR registration number(s) and other identifiers.

Note: When using filter options to transfer multiple registrations, take care not to select all registrations in the list. Doing so may inadvertently transfer all registrations belonging to the group. This issue will be fixed in a future update.

Single and Multiple Transfer

Select the registration or registrations to be transferred. (Note for multiple transfer a maximum of 3,000 registrations can be transferred at a time).

Click the Transfer button

Transfer All

Click the Transfer All button

Step 1: Transfer details

The selected registration(s) will be displayed (applies to single and multiple transfers only).

Enter the SPG group number of the SPG receiving the registration.

Click Retrieve group. The new SPG will be displayed.

Step 2: Review

If the information is correct, click Next.

Step 3: Payment (not applicable)

No fee applies.

Step 4: Confirmation

A verification statement will be sent to both SPGs’ address for service.

Transfer a registration function option

You can use this option to transfer a single registration from one SPG to another only.

Log into the PPSR.

Go to Transfer a registration.

Enter the PPSR registration number and token or details of the SPG making the transfer (SPG number and SPG access code) and click Retrieve.

Step 1: Transfer details

Find the registration you are transferring, enter the group number of the SPG receiving the transfer (SPG number) and click Retrieve group.

The SPG you wish to transfer to will be displayed. Click Next.

Step 2: Review

If everything is correct, click Next.

Step 3: Payment (if applicable)

No fee applies.

Step 4: Confirmation

A verification statement will be sent to both SPGs’ address for service.

New tokens

When you transfer a registration, the PPSR system will allocate you new tokens for each registration transferred. If transfer all registrations option is selected or you transfer more than one registration (multiple), the tokens are sent as one notification.