A Message from the Australian Government’s Personal Property Securities Register (PPSR)

Protect your business – register on the PPSR
The Australian Government’s Personal Property Securities Register (PPSR) is one way to help you get your invoices paid, or your goods back, if your customer can’t pay.

For the construction industry in particular, PPSR protection is important when leaving your leased goods on site or when supplying goods on credit for installation. The PPSR can provide risk protection if the principal contractor or site owner goes bust.

The PPSR is a public noticeboard of security interests in personal property. Personal property can include a wide range of construction tools and materials including timber, concrete, tiles, formwork, scaffolding, temporary fencing, pumps, trucks, roofing and insulation – but it doesn’t include land, buildings and fixtures.
If you supply goods and give your customers 30, 60 or 90 days to pay – you’re offering credit. When offering credit there’s a risk you might not get paid.

By adding your information to the Australian Government’s PPSR, you’re declaring your interest in the goods you have supplied. This can mean you’ll have a legal right to be first in line to be paid or to get your goods back.

It costs just $6 to make a registration that can protect your business for up to 7 years. More information about making a registration is available in the PPSR guide, Trying to get your invoices paid.

If your business already has a registration on the PPSR, you may find yourself needing to enforce that registration if your customer can’t pay or declares insolvency. The guide, Your customer has gone broke and an insolvency practitioner has been appointed — what happens now? and Your customer has defaulted on your security agreement – what happens now provide information about how to enforce existing security interests, depending on your customer’s circumstances.

For information specific to the construction industry, check out the dedicated page on the PPSR’s Education Hub.