Discharge a financing statement

If a financing statement needs to be removed from the PPSR prior to the expiry date, use the Discharge option to register the appropriate financing change statement.

 Step by step instructions

How do I discharge a financing statement?

1. Log on using your User ID and password.
2. From the PPSR Registration menu choose Financing Statements – Maintain Registered Financing Statement – Discharge.
3. Enter the Financing Statement Registration Number and PIN for the financing statement you want to discharge, then click the Continue button.
4. If prompted, enter the Secured Party Group ID and password then click the Continue button.  Check that you have selected the correct financing statement by reviewing the details on screen.
5. From the discharge registered financing statement screen choose Discharge.
6. Click on the Yes button to confirm the discharge.

A verification change statement will be generated.  Your verification statement options are:

• Show verification statement online – to see a copy of the verification statement on screen. You can also print a copy of this screen.
• Send verification statement via email – to receive an emailed copy of the verification statement that you can print or even forward to other interested parties, e.g. the debtor.
• Retain these settings for this session – to save these settings and not see this window again (for this session only).

 Notes

There is no fee for discharging a financing statement – it is FREE.

Your User ID is a nine-digit number and your password is seven alpha-numeric characters and is case sensitive.

You should only be prompted for the SPG ID and password if you register financing statements for more than one Secured Party Group and the SPG ID and password chosen by default does not match the financing statement you wish to renew.

 Discharge a registered financing statement now.