Saving financing statements as pending

At any time during the process of creating a financing statement you can choose ‘Save in Pending’ to store the financing statement in a pending status for up to 60 days.  This can be useful if you get part way through the registration process and find that you are missing a piece of information.

• We will confirm that the financing statement has been saved in pending status and will provide the following details to help identify the pending financing statement at a later date or time.

  • Financing Statement Number
  • Financing Statement PIN

  • Debtor PIN

• Pending financing statements have no legal status and do not appear on the Personal Property Securities Register.

• The system only allocates a registration date and time for a financing statement once it is registered.

• Check the expiry date for the financing statement when you return to the PPSR to complete the registration.  Setting the expiry date is the first step of registering your financing statement so:

  • if you chose the default of five years, and
  • if some time has passed since you first began the registration process, the statement may have an expiry date of less than five years.

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The steps to complete registration of a pending financing statement

1. Log on using your User ID and password.

2. From the PPSR Registration menu choose Financing Statements – Pending Financing Statement.

3. We will display a List of Pending Financing Statements (even if there is only one item in that list).  From this list, select the statement you wish to complete and choose Open.

4. Review the details already entered.  Complete any details that are missing, and correct any that are wrong, in the same way as you would when creating a new financing statement, including step 5. Register Financing Statement.

Note

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

 Register a financing statement now (You will need to log on first).