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Commonwealth Act
The PPSA governs security interests in personal property and the PPSR system used to protect priority in business assets.
Plain-English explainers, not legal advice. Check the linked official source before you rely on a specific section, and get advice for your situation.
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The PPSA matters most when a deal goes wrong. A supplier may think stock is still theirs because the invoice says title does not pass until payment. A lender may think it has security over equipment. A hire business may think it can simply collect its asset. If the customer becomes insolvent, those assumptions can fail unless the interest was protected properly on the PPSR.
Key points
| Setting | What to check |
|---|---|
| Retention of title | Whether your supply terms create a security interest and whether the PPSR registration is made on time. |
| Equipment hire | Whether the arrangement is long enough or structured in a way that needs registration. |
| Secured loans | Whether the general security agreement, loan documents and PPSR registration line up. |
| Consignment stock | Whether goods supplied for sale through another business need PPSR protection. |
Key takeaways
Not always. A written clause may be defeated if the interest should have been registered on the PPSR and was not registered correctly.
Before supplying goods, lending money or handing over assets where you expect security. Timing and serial-number details can affect priority.
PPSR transition history added
The 2010 Act made consequential changes for the national PPS regime, including the move away from the ASIC company charges register.
Personal Property Securities (Commonwealth Powers) Act 2009 history added
Victorian Legislation records the Personal Property Securities (Commonwealth Powers) Act 2009 as Act 60 of 2009.