Who can register a security interest?

You can only register a security interest on the Personal Property Securities Register (PPSR) if there is a valid security agreement between the debtor and the secured party (creditor) which creates a security interest in the personal property.

Security interests can include:

• hire purchase agreements (for example, over a TV)
• long term leases (for example, a lease over a washing machine)
• retention of title (Romalpa) clauses (for example, when a manufacturer supplies goods to a customer and has a term in their invoice that they keep title to the goods until the invoice is paid)
• loans which have personal property as security (for example, a car).

If you are unsure how the Personal Property Securities Act 1999 (PPSA) affects you, we recommend that you seek professional advice.