- adrms@outlook.com.au
- Business Phone: 0416 813 736
PPS Registration involves recording security interests in personal property on a national online register, as established by the Personal Property Securities Act (PPS Act). This process helps lenders and businesses secure their claims against personal assets by publicly documenting their interests. It includes details about the property and, for individuals, their name and date of birth. The PPS Register provides a transparent and accessible way to identify existing claims, ensuring clarity and protection for all parties involved.
PPS (Personal Property Security) registration can be done for various types of security interests involving personal property such as Chattel Mortgages (Registration of security interests in movable property like vehicles, machinery, or equipment), Security Interests in Inventory ( Including goods held for sale or lease, or used in the business operations), Accounts Receivable (Registering security interests in the rights to receive payment for goods or services provided), and Intangible Assets (Such as intellectual property (patents, trademarks, copyrights) and general intangibles). Furthermore, PPS registration is also applicable to Lease Agreements (Securing interests in lease agreements for equipment or other personal property), Consumer Goods (Registration of security interests in items bought for personal, family, or household use), Farm Products (Including crops, livestock, and other agricultural products), and Fixtures (Personal property that is attached to real property but can be removed like certain types of machinery or equipment). Additionally in the areas of Financial Assets (Such as stocks, bonds, or other financial instruments), Proceeds (Registration of interests in the proceeds derived from the sale or disposal of secured property), Investment Property (Such as securities and other financial assets that can be used as collateral), Commercial Transactions (Securing interests related to business transactions and trade credit), and Motor Vehicles (Including cars, trucks, and trailers used in business operations) also the registration of PPS can be done.
Here, each type of security interest requires proper documentation and adherence to PPSA registration procedures to ensure legal enforceability and priority. Some of the common requirements for registration are listed below:
To meet the above requirement of registration, we gather all necessary details about the grantor, collateral, and security interest to ensure that all descriptions of the personal property and security interests are precise and comprehensive. Then, afterward our team completes the online registration form on your behalf, making sure all fields are correctly filled. We manage the payment of registration fees to streamline the process. After submission, we provide you with confirmation of registration and ensure everything is properly filed. We try to make the PPS registration process smooth and efficient, ensuring that your security interests are accurately recorded and protected.
Accurate registration of security interests is crucial for safeguarding your claims and maintaining transparency in business dealings. At Alpha Dispute Resolution & Mediation Service (ADRMS), our service ensures that your security interests over personal property are accurately recorded on the PPS Register, providing you with clarity and protection in your transactions.
Ready to streamline your PPS registration? Contact us today for expert assistance. We’re here to make the registration process seamless and efficient for you. Reach out to us now to get started!
