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Obtaining a court order to maintain the registration


[icon] What you need to know. What you need to know

A secured party must obtain a court order to prevent the registration of a financing change statement arising from a change demand.  Please refer to sections 162 - 169 of the Personal Property Securities Act 1999 (PPSA) for information relating to obtaining that court order.

The Court may make an order maintaining the financing statement or discharging or amending it, or it can direct other such action as the Court thinks proper e.g. an interim injunction.  That court order must be served upon the Registrar of Personal Property Securities within 15 working days of the notice referred to in section 165(2) being given to the secured party.

Reference | Section 166 Personal Property Securities Act 1999.

 

The method of service under the Personal Property Securities Act 1999 is set out in section 185.

The address for service of the Registrar of Personal Property Securities is:

Level 18 ASB Centre
135 Albert Street
Auckland 1010
New Zealand


Private Bag 92061
Victoria Street West
Auckland 1142
New Zealand


Facsimile: + 64 9-916-4559

Email: registrar@ppsr.govt.nz

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Last updated 5 August 2008

Resources

There are a number of online tools available to secured parties to help ensure the Personal Property Securities Register is set up to work the way that you want it to, and to help you manage your registrations.

You will find more information about them here or to find the tools themselves online look for the Secured Party Tools option (you must log on first).

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