On 30 January 2012, all personal property security interests in Australia made the transition to a single national register known as the Personal Property Securities Register (PPSR). The PPSR is a national online register that can provide information to help limit your risk when buying personal property.
InfoTrack is a licensed Personal Property Securities Register (PPSR) broker. As such, InfoTrack offers you the ability to perform a PPSR Search with ease. InfoTrack’s PPSR Search tool provides a simple way to search for interests in personal property other than land or buildings such as: Organisational Grantor, Individual Grantor, Serial Number, Registration or Ordinal searches.
The final transitional period provided under the Personal Property Securities Act 2009 (Cth) (PPSA) is coming to a close. This ‘period of grace’ provided time for users to update migrated registrations to meet the requirements of the PPSR. The transition period ends on 30 January 2017 for registrations that were migrated without an end date. Find out more.
InfoTrack gives clients the ability to create a secured party group, manage PPSR registrations.
A secured party group is the individual or organisation who holds a security interest in personal property (PPSR). A secured party group is a system construct used by the PPSR to help secured parties manage their registrations.
The SPG can have any combination of individual or organisation secured parties.
When ordering an ASIC Search from InfoTrack, you have the option of including a PPSR Search which will return a Combined Report along with your ASIC and PPSR results in one PDF. The Combined Report uses smart technology to collate data from your ASIC and PPSR Search results and highlight areas of potential risk.
The Combined Report includes ASIC & PPSR results along with the following:
A colour-coded summary of your search information which highlights areas of risk and allows for easier and faster consumption of ASIC & PPSR data.
A snapshot of the company’s credit history details risk data including court judgments, payment defaults, insolvency notices, mercantile enquires, credit enquiries and credit score.
A simple visualisation maps out relationships between people, companies and assets allowing you to easily view shareholder percentages and changes to corporate structure.