Most businesses and many individuals will be asked to either
give a security interest over their personal property or will want
to benefit from a security interest over another's personal
property. Personal property is any property which is not
land.
The Personal Property Securities Act
2009 (Cth) (PPSA) provides a uniform
system of registration for many security interests over personal
property.
A key feature of the PPSA is the Personal Property Securities
Register (PPSR). The PPSR is a publicly accessible
register of security interests over personal property. Registration
on the PPSR is the most common way to effectively protect a
security interest over personal property.
