How (and when) to register personal property security on the Personal Property Securities Register

A security interest will have its best possible priority position, will be least likely to be lost on a disposal of the collateral, and should resist vesting in the grantor on its insolvency, if the security interest is “perfected” in accordance with the PPS Act. Registration on the Personal Property Securities Register (PPS Register) is the most common manner in which perfection is completed.

This guidance note considers some key rules relating to how and when to make registrations on the PPS Register that are of particular relevance or importance in project finance transactions.

See How (and when) to register personal property security on the Personal Property Securities Register.