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The Personal Property Securities Register is an online register of securities. By registering your security on the PPSR, you are activating your interest in that security so you can enforce it if your counterparty collapses into insolvency.

For example, you lend your friend $25k to buy a car. Your friend offers you their car as security for their repayment of the loan. You should register your security in the car otherwise, your friend’s bankruptcy would mean you’re unable to enforce your security for any outstanding money.

In both Australia and New Zealand, PPSR registrations are performed on the Government’s PPSR online portal. Unfortunately, it is not easy to use and has limited functionality, which inevitably leads to registration issues. Australia’s former Small Business Ombudsman Kate Carnell commented that “at the moment PPSR is hard to get right and easy to get wrong”.

To improve the user experience, PPSR Cloud was developed as an interface to the PPS Register, ensuring users can perform registrations in a safe, simple and accurate manner.

PPSR Cloud is not only for new registrations, its software enables the user to manage all aspects of their PPS registrations, including renewals, amendments and discharges, as well as fantastic search capabilities and plain language reporting.

Registering your security on the PPSR is the only way to ensure your assets and security rights are protected. Registration ensures you will be able to enforce your security if your customer becomes insolvent.

Registration ‘activates’ your security. Unregistered security is lost on the insolvency of your customer. Register your security or lose it.

The cost of registering your security is not expensive, especially when compared to the loss you could suffer from not registering.

Registration fees are $10/PPS registration (for the standard 7 year registration), and this includes the Government charge of $6. Usually, only one registration is required per customer, covering all future transactions with the customer for 7 years. That’s $1.43/customer /year.

PPSR Cloud has several subscription plans to suit all users of the PPS Register.

For businesses with irregular registration requirements, there is the Standard Plan with a monthly charge of $25.

For businesses that require regular registrations, there is the Professional Plan with a monthly charge of $75.

And for businesses with multiple Secured Party Groups and more sophisticated registration management needs, there is the Enterprise Plan.