Registering your security interest on the PPSR (Personal Property Security Register)

The Personal Property Securities Register (PPSR) is an Australian electronic register which provides information on security interests held over personal property. In short, a security interest is an interest in personal property that secures payment of a debt or other obligation regardless of the transaction.

For example, company A lends money to company B and it is documented in a security agreement that company B grants to company A a right in all personal and after acquired property of company B. Company A should then attend to registering this interest in company B on the PPSR.

How can you use the PPSR for your business?

If your business has a security agreement in writing with another entity then you are in a position where you may be able to register this interest. Additionally, if your business regularly engages in leasing or bailing goods then it is important you consider registering your interests on the PPSR.