The Personal Properties Securities Register (PPSR) was established in 2002 as a single online register for all the security interests (claims against personal property other than land) that lenders or businesses need to record.
It is recommended that you check the PPSR:
- Before purchasing second hand vehicles or equipment for your business to ensure that there are no third party claims; or
- When taking on a new client as a means of credit checking; or
- To check on security being offered as collateral; or
- To check what securities are being held against your personal belongings.