Personal Property Securities Act 2009
Short title: PPSA
In plain English
This Act sets out rules for security interests in personal property, like equipment or stock.
The Personal Property Securities Act 2009 governs security interests in personal property. It applies to businesses granting or receiving security. It creates a register to track these interests. The Act was enacted in 2009. It aims to provide clarity and predictability for transactions involving personal property.
Why it matters
If your business uses personal property as security, this Act is important. It affects your rights and priorities. Understand your obligations to avoid disputes and protect your interests.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Summary
Establishes the Personal Property Securities Register. Governs creation, perfection + priority of security interests in personal property.
Topics
Administered by
Source: https://www.legislation.gov.au/C2009A00130/latest. Rules Mate summarises and links; we don't republish full statutory text. Always verify against the live source before acting.