Your obligations as a secured party

Things to remember when registering on the PPSR

As a secured party, you have certain obligations under The Personal Property Securities Act 1999 (PPSA).

Most importantly, you need to:

  1. Keep records of your PPSR passwords, financing statement registration numbers and PINs.
    ID's, PINs and passwords
  2. Keep your registered financing statements up to date.
    Managing your financing statements
  3. Comply with the debtor name rules when entering details on a financing statement.
    Rules for naming debtors
  4. Supply debtors with a copy of the verification statement within 15 working days unless the debtor waives, in writing, the right to receive one.
    Verification statements
  5. Ensure your financing statement is supported by an appropriate security agreement. This is the agreement that grants the security interest. In most cases it will be a written agreement signed by the debtor, but it can also be an oral agreement. Registration of a financing statement does not replace the need for, or function of, the underlying security agreement.

All help topics

Getting started on the PPSR 8 guides

To register or search on the PPSR, you or your organisation must have an online services account. Find out more about the register, how to log in, set up your account, and create a secured party group.

Managing your online services account 6 guides

Your PPSR online services account allows you to update and manage your personal and organisation information, including contact and payment details, and passwords.

Searching the PPSR 9 guides

Information for debtors and consumers 5 guides

If you’re buying valuable used goods, or have bought something on hire purchase, leased property, or taken out a loan, you should know how the PPSR works, and how it can help you.

Paying PPSR fees 2 guides

Find out the fees for the online services you use on the PPSR, and your payment options.