What Is The Importance Of The Personal Property Securities Register?

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The  PPSR is a register of security interests in personal property. Differing from the register of property ownership, the PPSR is a way to let people know if personal property such as cars, goods or company assets have security interests over them. Security interests are created by an agreement where a person can take property if a debt is not repaid.

Registering your security interest correctly on the PPSR protects and gives you extra rights in the property it’s registered over. This is especially important if the person who gave you the interest goes insolvent.

A registration also offers other protections such as ranking you at a higher priority over other security interests.

Why should you register?

If you have a security interest, registering it on the PPSR is optional but it’s an important way to help protect yourself. If you don’t register on the PPSR you risk losing your goods or being left out-of-pocket.

Asset Protection

Registering your assets on the PPSR is like locking the doors and windows of your house to protect it from potential intruders. It helps safeguard your investments and reduces the risk of losing your assets to creditors or other claimants in the event of insolvency, bankruptcy, or legal disputes.

Consider a scenario where you sell goods to a customer on credit. If you’ve registered your interest in those goods on the PPSR and the customer defaults on their payment or goes bankrupt, you have a legal claim to those assets. Without registration, you may find yourself at the back of the line, potentially losing your valuable assets to other creditors.

Priority and Transparency

The PPSR operates on a first-come, first-served basis. This means that the first party to register their interest in an asset generally has a higher priority over subsequent claimants. By registering your interest promptly, you establish a clear legal priority, which can make a significant difference in cases of competing claims.

Furthermore, the PPSR promotes transparency in transactions. It allows potential buyers and creditors to check whether an asset has existing interests or encumbrances. This transparency can help prevent fraudulent sales and ensure that all parties have a complete understanding of the asset’s history.

Risk Mitigation

Business inherently involves risks, but smart business practices aim to mitigate those risks. Registering your assets on the PPSR is a proactive risk management strategy. It helps you identify and address potential vulnerabilities in your business operations, reducing the likelihood of unexpected losses and disputes.

For example, if you’re leasing equipment to another business, registering your interest on the PPSR ensures that you can repossess the equipment in case of non-payment or contract breaches. This can save you from the headache of lengthy legal battles and financial losses.

Increased Borrowing Capacity

Access to credit is essential for businesses to grow and thrive. When you register your assets on the PPSR, it can improve your creditworthiness. Lenders are more likely to extend credit to businesses that can demonstrate their ability to secure their assets and manage their financial obligations responsibly.

By registering assets used as collateral for loans or credit facilities, you signal to potential lenders that you are committed to protecting their interests as well. This increased borrowing capacity can be an asset for expanding your business or seizing new opportunities.


Knowing your assets are protected and that your financial interests are secured is key to providing you with the peace of mind you need to centre your attention on the core activities of your business. At Breathe Accounting, we are here to alleviate the burden so that you can focus on what truly matters: your activities, your people, and your business.

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