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35 Melb. U. L. Rev. 865 (2011)
A PPSA Registration Primer

handle is hein.journals/mulr35 and id is 881 raw text is: A PPSA REGISTRATION PRIMER
ANTHONY DUGGAN*
[The Personal Property Securities Act 2009 (Cth) ('PPSA) came into effect on 30 January 2012.
Among other things, the PPSA introduces a comprehensive new registration system for security
interests in personal property. This article explains the elements of the PPSA registration system, with
particular reference to how it differs from earlier registration systems including the provisions
governing registration of company charges in ch 2K of the Corporations Act 2001 (Cth) and the
registration requirements in the state and territory bills of sale and motor vehicle securities statutes.
The article also explores similarities and differences between the Australian PPSA registration
system and the Canadian and New Zealand systems.]
CONTENTS
I      Introduction    ............................................................................................................ 866
II     Pre-PPSA     and PPSA     Registration Compared ........................................................ 868
A    Introduction    ............................................................................................... 868
B    U nification   ................................................................................................ 868
C    C entralisation   ............................................................................................ 870
D    N otice  F iling  ............................................................................................. 872
1    O verview    ...................................................................................... 872
2    Storage   C osts  ................................................................................ 873
3    Search   C osts  ................................................................................. 873
4    P rivacy  .......................................................................................... 87 3
5    A dvance   R egistration   ................................................................... 874
6    B lanket  R egistrations  .................................................................... 875
E    C om  puterisation   ........................................................................................ 875
F    R egistration  R enew  als  ............................................................................... 876
III    Searching    the  R egister  ........................................................................................... 877
A    Debtor's Name (Grantor Details) Searches and Serial
N um  ber  Searches    ...................................................................................... 877
B    Grantor's Details Searches -        Individual Grantor...................            879
C    Grantor's Detail Searches -        Corporate Grantor......................           883
D    Serial Number Searches -         Consumer Property......................             884
E    Serial Number Searches -         Commercial Property         ...................      885
F    Restrictions on Access to the Register ...................................................... 886
G    Follow  -U p  Inquiries  .................................................................................. 886
IV     Registering a Financing Statement ........................................................................ 888
A    The Mechanics of Registration         ................................................................. 888
1    The  R egistration  Process    .............................................................. 888
2    Financing Statement Contents ...................................................... 889
3    The  Collateral D   escription   ........................................................... 890
BA, LLB     (Hons) (Melb), LLM      (Toronto), LLD    (Melb); Honourable Frank lacobucci Chair in
Capital Markets Regulation, Faculty of Law, University of Toronto; Professorial Fellow, Mel-
bourne Law School, The University of Melbourne. My thanks to David Brown, John Stumbles
and two anonymous referees for helpful comments.
865

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