Reading time: 3 minutes

The Personal Property Securities Register (PPSR) is a national electronic system of registration for security interests in personal property. Personal property, in its broadest sense, includes most forms of moveable and physical goods such as plant, equipment, motor vehicles, paintings and non-physical property. Such intangibles include intellectual property, company shares and book debts.

The PPSR came into operation on 30 January 2012 in Australia and is applicable to most security interests in personal property under the Personal Property Securities Act 2009 (Cth) (PPSA). The PPSR replaced most of the numerous Commonwealth and State/Territory registries where security interests could be registered.

What is excluded from the Personal Property Securities Register?

There are several key exclusions from the definition of personal property. These include land and buildings attached to land under Section 10, fixtures, as well as statutory exclusions under Commonwealth, State or Territory law. In general, these cover statutory licences such as mining licences, liquor licences and taxi licences.

What was migrated to the PPSR?

A number of key registers migrated to the PPSR across Commonwealth and State and Territory registers. These include:

  • Australian Government Registers
    • ASIC – Register of Company Charges (including provisional charges)
    • Australian Register of Ships (mortgages only)
    • Fisheries Register.
  • Victorian Registers
    • Vehicle Securities Register (VSR)
    • Register of Liens on Wool and Stock Mortgages (stock mortgages only)
    • Register of Co-operative Charges.
  • New South Wales Registers
    • Register of Encumbered Vehicles (REVS NSW)
    • Security Interest of Goods Register:
    • Liens on Crops and Wool and Stock

How does the PPSA work?

The PPSA operates as follows:

  1. A grantor, which is usually the borrower, mortgagor, lessee or guarantor, grants a security interest in personal property (as listed above) to a secured party. This party may be a supplier, manufacturer, lessor, lender or creditor.
  2. This security interest creates an obligation on both parties and secures payment to the secured party. The security interest is now attached to the personal property (known as collateral). Once attachment has occurred, the security interest must be ‘perfected’.
  3. If there are combining security interests, priority rules apply. Section 55 of the PPSA sets out how to determine priority:
    1. a perfected security interest will always be prioritised over unperfected security interests;
    2. priority between two or more perfected security interests is determined by who perfected the security interest first; and
    3. priority between two or more unperfected security interests will depend on which party attaches their security interest first.

What is a Purchase Money Security Interest (PMSI)?

PMSIs are a particular type of security interest which has “super priority” over other interests if it is registered on the PPSR within the required timeframe.


LegalVision can assist you with any questions you may have about the Personal Property Securities Register or the Personal Property Securities Act. LegalVision has a team of excellent business financing lawyers who can assist you in registering and protecting your personal property. Please call our office on 1300 544 755 and our Client Care team will happily provide you with an obligation-free consultation and a fixed-fee quote. Get in touch today!


COVID-19 Vaccines In The Workplace

Thursday 10 February | 11:00 - 11:45am

Can you compel employees to have a COVID-19 vaccine? Understand your rights and responsibilities as an employer. Register today for our free webinar.
Register Now

Preventing Wage Underpayment In Your Franchise

Wednesday 16 February | 11:00 - 11:45am

Learn how to identify and prevent wage underpayment in your franchise. Register today for our free webinar.
Register Now

How to Prevent and Manage Commercial Contract Disputes

Thursday 24 February | 11:00 - 11:45am

Learn how to prevent and manage common commercial contract disputes. Register today for our free webinar.
Register Now

About LegalVision: LegalVision is a commercial law firm that provides businesses with affordable and ongoing legal assistance through our industry-first membership.

By becoming a member, you'll have an experienced legal team ready to answer your questions, draft and review your contracts, and resolve your disputes. All the legal assistance your business needs, for a low monthly fee.

Learn more about our membership

Need Legal Help? Get a Free Fixed-Fee Quote

If you would like to receive a free fixed-fee quote or get in touch with our team, fill out the form below.

Our Awards

  • 2020 Excellence in Technology & Innovation Finalist – Australasian Law Awards
  • 2020 Employer of Choice Winner – Australasian Lawyer
  • 2021 Fastest Growing Law Firm - Financial Times APAC 500
  • 2020 AFR Fast 100 List - Australian Financial Review
  • 2021 Law Firm of the Year - Australasian Law Awards
  • 2019 Most Innovative Firm - Australasian Lawyer