PPSR stands for Personal Property Securities Register, and is an online service account where you can register a legal claim to your personal property.

The register helps businesses and individuals protect themselves financially, reduce investment risk, gain access to credit, and make better-informed financial and purchasing decisions. If you’re selling goods on credit, you’ve probably signed a contract establishing your rights to the property should the customer fail to pay. But what if there are other creditors waiting in line?

As a ‘Secured Creditor’:

• You are in the best possible position to recover goods supplied to your customer or claim the monetary value, should your customer default
• Are given priority over creditors who’ve not registered an interest, and those who register after you
• If the customer has assets of value in the event of insolvency, you may be first in line to claim the distribution of funds from the sale of assets
• Limit the risk of being affected by preferential payment clawback