What is a PPSR Search?
It’s a form of protection for consumers and business owners buying a large asset or extending credit. A search can be initiated at ppsr.gov.au against the asset to find out if another entity or person, for example a lender has claim over it.
What does a PPSR Search show?
Who the security on an asset (a vehicle or a boat for example) belongs to, what the security is and when the security was acquired.
Why lodge a PPSR Search?
If you supply goods on credit, PPSR registration retains your interest in goods you are supplying. This means that should a customer go into liquidation before paying your invoice you are in the best position to get your goods, or their value, back.
How much does a PPSR Search cost?
Cost currently ranges between $2 and $7 depending on how the search is lodged. Here’s where you can find the full list of PPSR fees.
What happens if I make a mistake with a PPSR search?
Unfortunately, it’s an unforgiving process, so you must take the time to get it right – near enough is usually not good enough. In these circumstances it’s often worthwhile getting professional help
How does the PPSR Work?
The Personal Property Securities Register is a national ‘noticeboard’ where you can find out whether goods (for example furniture or a vehicle) have a security claim such as a loan over them. You can also register your own claim over an item you’re owed money for. The register’s aim is to protect consumers from having goods they’ve paid for repossessed. Open ended registrations (i.e. with no time limit) will cost $115.
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