The Personal Property Securities Register (PPSR) is an Australian Government national online register of security interests in goods and other personal property which is regularly used by buyers, sellers and financiers.

Buyers can check the PPSR to see if valuable second-hand goods they want to buy are debt-free and safe from repossession.  This includes goods such as machinery, equipment, vehicles and stock.  Doing a search to check before you buy is low cost, easy and immediate.

Businesses selling on terms, such as retention of title, or leasing out valuable goods should consider registering their interest on the PPSR.  Registering an interest in goods which a business hasn't yet received payment for can help it recover the debt should a customer not pay or become insolvent.

The Personal Property Securities Register is now the single, national register of security interests in personal property in Australia.  It replaces all Commonwealth, state and territory registers of security interests in personal property.

The transitional period to register any interests not yet registered is about to end on 31 January 2014.

For more help or information contact Sullivan Dewing or visit www.ppsr.gov.au