The Personal Property Securities Act 2009 (Cth)
(PPSA) regime commenced on 30 January 2012. It
applies to security interests arising both before and after that
date.
Prior to commencement of the PPSA regime, many security
interests were registered on various State, Territory and Federal
registers (such as the ASIC register of company charges and the
State and Territory registers of encumbered vehicles).
Registrations on many of these pre-PPSA registers (Migrated
Registrations) were automatically migrated to the Personal
Property Securities Register (PPSR).
Migration of registrations to the PPSR was a complex process
which resulted in a number of issues. For example, in some cases,
there was a mismatch between the data required for a registration
under the PPSA and the data available on the migrated register. In
other cases required data was not recorded on the migrated register
at all. Because of this, statutory protections
were enacted to preserve the validity of
