Thursday, 12 October 2017 08:53

Have you experienced delays in the removal of security interests on the PPSR? How has it impacted your business? Complete the survey now.

Since 30 January 2012, PPSR has been the single national register of security interests in personal property. It replaced all state based Vehicle Securities Registers.

The PPSR is administered by the Australian Financial Security Authority (AFSA). In meetings with AFSA, MTA WA / VACC has discussed the impact on the automotive retail sector of the delayed discharge of security interest registrations from the PPSR by secured parties.

The Personal Property Securities Act 2009 mandates that some security interest registrations must be removed within 5 business days of the loan being paid out. It is vital that retailers are supported by secured parties on this matter as all vehicles sold by a licensed operator or auction houses must be sold with clear title.

In an attempt to highlight to AFSA the gravity of the issue, we are seeking your member participation in a short 14 question survey regarding their experiences with the delayed removal of security interests.

The survey can be accessed through the following link, or copy the link into your browser. https://www.surveymonkey.com/r/PPSR_survey2017 

All responses to the survey remain private and confidential and do not identify any respondent’s details. The data may be used to highlight to AFSA the extent of the impact this issue has on our industry.

If you have any queries, please feel free to MTA WA on 9233 9800 or email This email address is being protected from spambots. You need JavaScript enabled to view it. 

Your participation on this important issue is most appreciated.

MTAWA is proudly supported by

Search

Navigation