Also called: Personal Property Securities Register, PPS register
PPSR
The PPSR, or Personal Property Securities Register, is the national online register recording security interests in personal property such as vehicles, machinery and inventory. Lenders register their interest so it is publicly searchable and their priority is protected.
What is a ppsr?
The PPSR, or Personal Property Securities Register, is the national online register recording security interests in personal property such as vehicles, machinery and inventory. Lenders register their interest so it is publicly searchable and their priority is protected.
Example
Before financing a private-sale ute, a lender searches the PPSR to confirm no existing finance is registered against the vehicle identification number.
Why it matters
A registration left on an asset after payout can hold up a sale, so check it is released once a contract finishes.