What is the Personal Property Securities Register?

The Personal Property Securities Register (PPSR), established under the Personal Property Securities Act 2009 (Cth), allows any person with a security interest in personal property, including a vehicle, to register that interest against the asset’s serial number.

To secure a private loan against a vehicle, you register your interest on the PPSR. Once registered, your security interest is visible to any person conducting a PPSR search, commonly known as a REVS check, and takes priority over later registered interests and unsecured creditors. If the borrower defaults or sells the vehicle, your registered security interest means the vehicle is sold subject to your interest, and the proceeds must satisfy your debt before any surplus passes to the seller or their creditors.

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