Go to top of page

Registrar actions under the Personal Property Securities Act

The Personal Property Securities Act 2009 (PPS Act) provides the Registrar of Personal Property Securities with the power to amend and/or remove data on the PPSR, including an entire registration. This may occur as a result of the administrative amendment demand process (Part 5.6); the exercise of the discretion under Part 5.7; or, with respect to migrated data, if the Registrar is satisfied that it was not in the determined class for migration (Part 9.4).

Table 2 shows the number of registrations that were removed or otherwise amended by the Registrar of Personal Property Securities in 2019–20.

Table 2: Number of PPSR registrations removed or otherwise amended by the Registrar in 2019–20

Collateral class listed in registration

Section of PPS Act

Applications processed

Registrations amended

Part 5.6—Amendment demands

Section 181

1,459

451

Section 182

n.a.

0

Part 5.7—Removal of data and correction of errors

Section 184

108*

79

Section 186

121

42

Section 188

4

0

Part 9.4—Transitional application of the PPS Act

Section 334

n.a.

1

Total

1,692

573

* The Registrar may amend data under Part 5.7 at his discretion. Matters that were considered at the Registrar’s own initiative are included in this number.

In 2019–20, the Registrar decided, pursuant to subsection 147(5) of the PPS Act, to refuse access to or otherwise suspend the operation of the PPSR on four occasions.

Table 3 provides the date, time and reason for refusal of access to, or suspension of, the PPSR.

Table 3: Details of refusal of access to, or suspension of, the PPSR in 2019–20

Date

Canberra time

Reason

28/09/2019

14:00–22:20

Finance system upgrade

14/12/2019–15/12/2019

14:00–02:00

Finance system upgrade

22/02/2020

19:00–23:30

Deployment of code release

05/04/2020

01:30–03:05

Daylight saving change

In accordance with subsection 147(6) of the PPS Act and the associated regulations, the Registrar may also refuse access to, or otherwise suspend, the operation of the PPSR with notice for a period not longer than four hours. This power is generally used for scheduled maintenance of the PPSR.

From 1 July 2019 to 30 June 2020, the standing outage period for scheduled maintenance was 9.00 p.m. to 11.59 p.m. on Wednesdays (Canberra time). The scheduled maintenance period did not include the Wednesday falling between 23 December 2019 and 1 January 2020.