Definition
The PPSR, or Personal Property Securities Register, is the Australia-wide public database where lenders record their claims over movable assets, for example cars, machinery, inventory and debtors. Lenders register their interests there to establish priority. Buyers can search it, usually by serial number or VIN, to check whether an asset is subject to a security interest before purchasing it.
The PPSR is the place to check whether someone else has a claim over a piece of personal property.
How lenders use it
When a lender finances a vehicle or equipment, or takes a general security agreement, it registers a security interest on the PPSR. Registration helps establish who ranks first if the borrower defaults and the asset is sold.
How buyers use it
Before buying used equipment or a vehicle, a quick search by serial number or VIN shows whether any security interest is registered. If one is, the seller’s debt must be cleared at settlement. Our guide to financing used equipment explains the steps.
Check your own business
Search your ABN or ACN occasionally to see what is registered. Old registrations from repaid loans should be removed. If you are planning equipment finance, make one enquiry.
Common questions
Why search the PPSR before buying used equipment?
If a lender holds a registered security interest over the asset, it may be able to repossess it even after you buy it. A search shows whether any interest is registered.
Can I search what is registered against my business?
Yes. You can search using your ABN or ACN to see registrations against the business's property.
Sources and further reading