What is the PPSR?

Know about the Personal Property Securities Register - Big Law

What is the PPSR?

The Personal Property Securities Act 2009 (Cth) commenced on 30 January 2012 and created a national online register where details of security interests in personal property can be registered and searched.

The single register is known as the Personal Property Securities Register (PPSR).

The single register known as the Personal Property Securities Register (PPSR), replaced over 70 registers throughout Australia including the Australian and Security Investments Commission (ASIC) Register of Company Charges, state and territory bills of sale registers and registers of encumbered vehicles.

Businesses and consumers should be aware of the benefits the PPSR offers to them. Businesses are able to register their security interests over personal property to show their rights which secure a debt or obligation which is owed to them. Registration on the PPSR protects their interest against a customer’s insolvency and preserves their priority position against other businesses or lenders. Alternatively, the PPSR allows consumers to check the register to determine if an interest is registered over any personal property they may be proposing to buy or lease.

Registration on the PPSR requires a determination of the collateral type and the collateral class. The PPSR separates collateral type into two categories of commercial or consumer, and the collateral class into four categories of tangible property, general property, intangible property and financial property. Each collateral class subsequently contains a number of sub-classes to provide a further description of the property the security interest will be registered over.

If you have any queries regarding the above, please do not hesitate to contact us at Big Law Solicitors on (07) 3482 6999 or email us at [email protected].

How We Can Help

Big Law Lawyers Strathpine offers you the same comprehensive suite of legal services that you would expect to only find in the city.

We are a successful well-established legal practice based in Strathpine, Brisbane. We have earned a reputation for providing trustworthy, practical legal advice to a diverse range of clients, in both Brisbane and regional Queensland.

Things to Read

Estate Planning for Blended Families

In this podcast, Estate Planning Lawyer Elise Jaques discusses factors and challenges that can arise in estate planning for blended families. Elise Jaques Solicitor Make an appointment

Buying a commercial property

Whilst the process of purchasing a commercial property is very similar in many respects to buying a residential property, there are a whole other set of matters to consider with this asset type.  The first issue to consider is what are your intentions or motivations for purchasing the property? Are you planning to run yourRead More »Buying a commercial property

Buying a manufactured home in an over 50s village

You may have reached the point in your life where you are sick of maintaining a large home and garden and would like to downsize. There are many options to consider, some of which are: Buying a small house or townhouse with a small yard; Buying in a retirement village which usually involves taking aRead More »Buying a manufactured home in an over 50s village

What is a reverse mortgage?

What do you do if you are over 60 without a regular source of income other than the pension as you have retired and find that you have to fund urgent renovations to your home? Or unexpected medical expenses? Or you would like to refinance high-interest credit card debt or other liabilities? As you areRead More »What is a reverse mortgage?

Podcasts to Listen to

Estate Planning for Blended Families

In this podcast, Estate Planning Lawyer Elise Jaques discusses factors and challenges that can arise in estate planning for blended families. Elise Jaques Solicitor Make an appointment

What Happens After You Sign an REIQ Contract?

In this podcast, Legal Practitioner Director Sylvia Lopez shares all the steps that follow after you sign a contract when buying or selling a property. Sylvia Lopez Legal Practitioner Director Make an appointment

What You Need to Know About Commercial Leases

In this podcast, Legal Practitioner Director Sylvia Lopez discusses the complex nature of commercial leases and agreements.  

Some very important estate planning roles you need to understand

When it comes to estate planning, it’s not uncommon for people to confuse a few very important roles. In this podcast, Estate Planning Solicitor Elise Jaques clears the differences among estate planning roles.