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Q&As and counting

May 2019

PPSR search - Agreements and the register

May 2019
Personal Property Securities
Federal

Asked

When you register on the PPSR does the agreement need to be lodged as well

Answered

Thank you for the question.

The PPSR is a noticeboard only – it flags that a secured party is claiming a security interest against the personal property of a grantor. It is not a registration of actual documents. Neither is it a register of title.

A security interest should only be registered on the PPSR if there is a security agreement evidenced in writing. A searcher may contact the secured party to request more information or view the underlying security agreement.

See the By Lawyers Personal Property Securities Publication for further guidance.

Regards

Mentor

Personal Property Securities
Federal