Personal Property Securities
Property & Conveyancing
Newcastle's Leading advisors on business and individual property assets
The Personal Properties Security Register (PPSR) is a government register designed to protect businesses and individual’s property assets. The register gives the owner the ability to manage the financial risks involved with extending credit or providing goods to another party. Goods, equipment, intellectual property, and financial assets need to be registered on the PPSR. If they are not the owner is at risk of losing ownership.
It is important for a business or individual to understand and comply with how the PPSR applies to the way business is carried out. Burgess Thomson’s team are able to assist in the process of registering with the PPSR. We can offer advice on your rights in regards to personal property security. We can also offer advice and represent you in the event of a dispute involving PPSR.
Find out more about how we can help Buying Property.
What is the minimum value of an interest for it to be registered?
When registering on the PPSR there is no minimum value of an interest or property item. Anything of value to the individual or business can be registered with the Personal Properties Security Register.
Will PPSR incur additional fees?
When registering with the PPSR a fee does apply. This can vary depending on each individual circumstance. Our team can assist in the entire process to ensure that you are paying what is necessary and are not incurring any additional fees.