PPSR (Personal Property Securities Register)
PPSR is a national online register that shows whether personal property (vehicles, equipment, machinery, tools, etc.) has a security interest recorded against it. Lenders use the PPSR to register their interest when financing assets under Equipment Finance or Vehicle Finance.
It protects lenders if a borrower defaults, and it protects buyers from accidentally purchasing an encumbered asset.
Why It Matters
The PPSR is critical for business lending because it:
- lets lenders secure their interest in financed equipment or vehicles
- reduces risk for Low Doc and No Doc applications
- protects businesses during used-asset purchases
- allows verification that an asset is unencumbered before buying
It is used across Business Loans, Working Capital Loans, and Low Doc Asset Finance.
How It Works
- A lender finances a vehicle, machine, or equipment.
- They register a “security interest” on the PPSR.
- If the borrower defaults, the lender has priority rights.
- When the loan is paid out, the PPSR listing is removed.
You can also check the PPSR before buying used equipment or a vehicle to avoid buying something with debt attached.
Common Use Cases
- Verifying a used truck, ute, or excavator before purchase
- Lenders securing financed assets under Chattel Mortgage or Hire Purchase
- Businesses checking if suppliers or customers have encumbered assets
- Protecting ownership rights in complex business transactions
Related Switchboard Resources
ATO guidance on business assets: ato.gov.au
Do all financed vehicles get a PPSR listing?
Yes — nearly all vehicle and equipment loans include a PPSR registration.
Can I remove a PPSR entry myself?
Only the secured party (the lender) can remove it once the loan is paid out.
Should I check PPSR before buying used equipment?
Always. It prevents you from buying equipment that still has debt attached.