Before you can register a financing statement on the PPSR, you must first create a ‘secured party group’ (SPG). This ‘group’ can be one or more individuals or organisations.
How a secured party group works
Each new SPG is assigned a unique identification number and password. These must be kept confidential. If you suspect that security may have been compromised, you should change your password immediately.
Where a secured party is an organisation, an individual must be nominated to act on its behalf.
To manage the group’s information, users must add the secured party group to ‘My Portfolio’ on the PPSR dashboard.
You can add one or more secured party groups to 'My Portfolio' within your organisation's online services account. When a secured party group is added to ‘My Portfolio’, it will also be added to the portfolios of all users in your organisation.
A secured party group can be added to more than one user’s portfolio.