Personal Property Securities Register

Personal Property Securities Register
Agency overview
Jurisdiction New Zealand (and Australia in May 2011)
Parent agency New Zealand Ministry of Economic Development
Australian Financial Security Authority

The Personal Property Securities Register (PPSR) is an electronic register that allows security interests in personal property to be registered and searched in accordance with the New Zealand Personal Property Securities Act 1999[1] (the Act) and the Australian Personal Property Securities Act 2009.[2]

The New Zealand PPSR is maintained by the New Zealand Companies Office, an agency of the Ministry of Economic Development. The Australian Financial Security Authority (AFSA) is the Australian Government agency responsible for administering the Australian PPS Register.

Electronic register

The New Zealand PPSR is a wholly electronic register available to the public 24 hours a day, 365 days a year. It provides online searching, registration and maintenance of financing statements. The Australian PPS Register commenced operation on 30 January 2012.[3]


The Act reformed the law relating to security interests in personal property and established the PPSR. The PPSR became operational on 1 May 2002. It replaced a number of existing registers including the Chattels Register, Motor Vehicle Securities Register and the Register of Company Charges.[4]

In December 2009, the Australian Personal Property Securities Act 2009 ("the PPS Act") was passed. The Australian PPS Act establishes the Personal Property Securities Register ("the PPS Register").[5]


The PPSR is used by both secured parties (creditors) and consumers.


Registering a security interest on the PPSR may give creditors a better chance of recovering a debt if a debtor defaults.

The Act contains rules for determining priority between security interests in the same collateral (see section 66 of the Act). If a creditor does not register a security interest and a debtor is adjudicated bankrupt or is placed into liquidation, secured creditors will be prioritised when payments are made or assets distributed.


The PPSR can be used to assess the level of risk that a debtor may represent to a creditor. Before entering into a contractual relationship with a debtor, a creditor may search the PPSR to check whether they may pose a risk.

It possible for potential creditors to:

Consumers may also search the PPSR before buying an item of personal property to check that there is no money owing. This is particularly important if purchasing a second hand car privately - it is possible to search the PPSR using the VIN (Vehicle Identification Number) to check whether there may be money owed (registered security interests) on the vehicle. The PPSR also correlates information from the NEVDIS (National Exchange of Vehicle and Driver Information System) database to provide write-off history and stolen vehicle data in the form of a PPSR certificate, which can be issued upon successful completion of a serial number (VIN) search.[6]

The New Zealand PPSR also provides a SMS based search – called TXTB4UBUY – where one can conduct a search using a mobile phone for any financing statements registered against a motor vehicle.

The New Zealand Companies Office

As well as the PPSR, the New Zealand Companies Office is also responsible for the administration of the following registers:

International activities and involvement

The New Zealand Companies Office is a founding member of the Corporate Registers Forum (an international association of corporate registries) and is an International member of the International Association of Commercial Administrators (IACA).


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