Australian Personal Property Securities Act

The Australian Personal Property Securities Act (PPSA) creates a national system for registering interests in personal property—things like goods, inventory, or equipment—that are used as security for loans or debts. It helps clarify who has priority if a borrower defaults, making it easier for lenders and buyers to determine rights over such property. Essentially, it ensures transparency and consistency in how security interests are recorded and enforced across Australia, reducing risks and disputes in commercial transactions involving personal property.