Finance and accounting
PPSR
5.0 from 150 Google reviews. Serving Australian businesses since 2010.
What is PPSR?
The PPSR is the national register that records who has a financial claim over equipment, so a buyer can check whether a machine is already financed.
The PPSR is the Personal Property Securities Register, a national register run by the Australian Government that records security interests in personal property, which includes business equipment.
When a financier funds a printer or copier, it normally registers its interest on the PPSR.
That registration is what people mean when they say the financier holds security over the machine.
The register exists so that anyone can search whether a specific item is already subject to someone else’s claim before buying it or lending against it.
It matters most in three situations: buying a business that has equipment on finance, selling one, and working out who can claim what if a business stops trading.
A search of the register is inexpensive and is normally done as part of the due diligence on a business sale.
In short
- A national register of financial claims over equipment.
- A financier normally registers its interest when it funds a machine.
- Searched during a business sale to see what is already financed.
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Frequently asked questions
What is the PPSR?
The Personal Property Securities Register is a national register that records security interests in personal property, including business equipment.
A financier that funds a machine normally registers its interest there.
Why does the PPSR matter when buying a business?
Because equipment on the premises may already be subject to a financier’s claim.
A register search shows what is financed before settlement, rather than after the machine has been paid for twice.
Is a leased printer registered on the PPSR?
Commonly yes.
The financier retains ownership or holds security over the equipment for the term, and registering that interest is standard practice in Australian equipment finance.
Cyrus Dickie
Founder, Global Document Solutions
You deal with the founder directly, from first quote to ongoing support, since 2010.
Authored by Cyrus Dickie, Founder at Global Document Solutions. In the industry since 2010.
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Related terms
- Finance LeaseA finance lease is an agreement under which a business effectively finances the purchase of equipment and carries most of the risks of ownership.
- Operating LeaseAn operating lease lets a business use equipment such as a printer for a fixed term and return it at the end, without taking ownership.
- Residual ValueResidual value is the estimated worth of leased equipment at the end of the term, and it determines who carries the end of lease risk.
- OpEx vs CapExOpEx is the day to day cost of running a business. CapEx is one-off spending on owned assets. A printer lease is generally OpEx.
- GST on Printer LeasesPrinter lease payments attract GST at 10%. Quotes are usually shown ex GST, and GST-registered businesses can generally claim the GST back.
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