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Personal Property Securities

If your transactions involve personal property (which includes most types of property other than land), then the Personal Property Securities Act (PPSA) could apply to you. The PPSA has changed how business and individuals deal with personal property. And as always, it is important to be aware of your obligations under the law.

What is the PPSA?

The Personal Property Securities Act 2009 (Cth) (PPSA) is legislation that governs the use of personal property (most types of property other than land) to secure payment of money or the performance of an obligation.

The PPSA radically changed how business and individuals deal with personal property. It has the potential to apply to any transaction involving personal property.

What is the Personal Property Securities Register (PPSR)?

The legislation established a new Personal Property Securities Register (PPS Register). This register replaced a number of state, territory and Commonwealth registers of encumbrances, such as the ASIC Charges Register.

The PPS Register allows people to protect their security interests in personal property by registering them on the PPS Register. You can visit the PPS Register website to conduct a search of the register.

Failing to correctly register your security interest in personal property may mean that another party can permanently take the personal property, even though you may own it.

Support from experienced commercial lawyers

Cooper Grace Ward Lawyers can assist with all of your PPSA matters. This includes support through the documentation and registration stage right through to litigation, should a dispute arise. The services of our Brisbane commercial lawyers extend from strategic advice and planning through to implementation, registration and enforcement of your PPSR interests.

We advise a wide range of clients on these matters, including mid market enterprises, major banks and corporate clients.


To contact a lawyer specialising in PPSA matters, call Cooper Grace Ward on (07) 3231 2444.


Key contacts

Charles Sweeney
Managing Partner
Greg Thorne
Graham Roberts


An introduction to the Personal Properties Securities Act

Confused by security interests under the Personal Properties Securities Act? Our associate David Lee Lewes explains.

A practical guide for companies in the era of COVID-19

Coronavirus is having huge impacts on the global and Australian economies.

Taking priority over a PMSI – a guide to section 64 of the PPS Act

The Personal Property Securities Act 2009 (Cth) establishes a set of rules to determine the priority between competing security interests. These rules generally provide that a purchase money security interest (PMSI) over collateral that is perfected by registration will have priority over a non PMSI security interest that is granted by the same grantor in the same collateral. However, section 64 of the Act reverses this position and allows a non-PMSI to take priority over a PMSI for an interest in an account as proceeds of inventory.