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Personal Property Securities Register (PPSR) replacement

1 May 2017

The PPSR is a reliable system that has been in operation since 2002. MBIE is undertaking an across-the-board technology refresh to reduce the risks and costs associated with ageing technology. We’re planning to launch a new register in the first quarter of 2018.*

Given the successful operation of the register in the New Zealand jurisdiction, legislation and core functionality will remain fundamentally the same. However, there will be an amendment to the Personal Property Securities Regulations 2001 which will be the introduction of the New Zealand Business Number (NZBN). The NZBN will help secured parties and register searchers to identify debtor organisations by a single unique business number.

* As per PPSR API customer request the go-live date has subsequently been extended to 2 July 2018. Read the latest update from 1 November 2017.

The New Zealand Companies Office sees the PPSR replacement as an opportunity to:

  • improve the integrity of the data held on the PPSR, by introducing more robust data validation rules and linking the PPSR to other source registers like the NZBN Register, Motor Vehicle Register (New Zealand Transport Agency) and Postal Address Finder.
  • improve our Government to Business (G2B) customer service by allowing full integration with the new PPSR application programme interfaces (APIs).
  • enhance access to the register by extending PPSR services accessibility to mobile devices.
  • improve usability by replacing the PPSR website, to enable people to easily manage their securities.

 

For existing G2B or future API customers

Please consider carefully before deciding whether to enhance/develop software that uses the current PPSR API web services. The current API web services will be de-commissioned and replaced by completely new API web services when the replacement PPSR system is launched. If you support, or are planning to develop PPSR integrated software, visit the MBIE API Manager site for more information.

 

Our commitment to you

We are acutely aware that the PPSR plays a significant role in the New Zealand’s finance sector. It helps people and businesses to manage their financial risk, provides access to credit and serves as a prudent consumer protection tool. Our utmost priority is to make the transition to the new PPSR as smooth as possible for our customers. We’ll keep you informed on the progress of the replacement of PPSR and provide assistance where we can, before the new register goes live.