PPSA (Australia)

The Personal Property Securities Act (PPSA) in Australia is a law that regulates how interests in personal property—like goods, inventory, or equipment—are created, registered, and prioritized. It helps organize and protect parties involved in secured transactions, such as lenders or suppliers, by establishing a system of notices (registrations) to prove and secure their rights. This ensures that in case of default or insolvency, interests are clear and fair, reducing disputes over who owns or has priority over specific assets. The PPSA creates a national framework to simplify secured financing and protect the rights of both lenders and borrowers.