What is the Personal Property Security Registration (PPSR) system?
The Personal Property Security Registration (PPSR) system is a notice filing system that records and reproduces information concerning consumer and business loans where goods and other personal property are used as collateral to secure loans.
For example, a person buys a car and borrows money from a bank to pay for it. The borrower and the bank enter into an agreement giving the bank rights to the car if the borrower does not repay the loan.
The system also records and reproduces information concerning repair and storage liens.