PPSA - Finding and Claiming your Migrated Security Interests

As you are now aware, the Personal Property Securities Act ("PPSA") and the Register it established, kicked off on 30 January 2012. Under the PPSA, data held on certain registers that had previously recorded security interests in personal property- such as the ASIC register of charges - had to be "migrated" across to the new, national PPS Register (the "PPSR").

Security Interests on the Move

The process of migrating the information from numerous registers into one single database was both complex and time consuming.

The PPSA has certain rules about what information is to be recorded in the PPSR and in the process of migration, not all of this information may have been captured or transferred across to the PPSR.