What is the PPSR?
The Personal Property Securities Register is the only register of its type in Australia and is the official database of secured property. It is your only go-to for registering your business security interest over property, and for making sure you are purchasing the full title and ownership of property, and not unknowingly buying something that someone else already has a claim to.
How to do a PPSR search
One of the most common and important uses of the PPSR is to check whether a car is encumbered when you’re buying from a private seller. Private car sales are done at the buyer’s risk, so the PPSR is used to make sure you know what you’re getting.
The ideal way to search the PPSR depends on what you’re looking for.
Search by grantor: The grantor is the individual or organisation whose property may have security interests on it. If you’re about to offer someone a loan or extend credit, invest in a business, or otherwise make a significant financial commitment, it’s a good idea to check whether the grantor has any security interests hanging over their property. You can search grantors by their name, ABN and other information.
Search by individual item: Motor vehicles, boats, aircraft, aircraft parts and intellectual property can all be individually searched in various ways, such as VIN or chassis number for cars, serial number for boats or patent number for intellectual property.
Search by PPSR number: If you want to find a specific registration, simply look up the PPSR number.
Whatever you’re looking for, you can begin your PPSR search here.
How much are the PPSR fees and charges?
For online PPSR searches, you will pay a $3.40 fee per search.
Registering financing statements online (registering your securities interest over property) carries costs depending on the duration of the statement. It cost $6.80 for 7 years or less, $34 for 7–25 years, and $119 for no stated end time. Similar costs apply to amending these respective statements.
There are no fees for discharging financing statements.
How to register a security interest on the PPSR
Before registering a security interest on the PPSR you should have written evidence of your security agreement. The PPSR is a noticeboard only, and simply registering does not actually transfer title or ownership, or otherwise grant you clear rights over property.
Once you have registered your securities interest, searchers may contact you to request more information or verifying documents.
To register a security interest you will need to:
Create a PPSR account
Provide detailed information on the nature of your interest, including collateral type, grantor details and information on involved parties
Log into your account and follow the prompts to register an interest. If you cannot complete it all in one go you can save your progress to finish later
After registering an interest you must let the grantor know by giving them a copy of the verification statement.
It’s up to you. Note that you may be unable to claim rights to property without registering your interest.