New registration management guide dispels problem practices

A common misunderstanding about the PPSR is that it can be used to record and prove ownership of assets.

If you simply own property (for example machinery, or a motor vehicle), unless you have loaned or hired it to others to use and have a written agreement in place, it’s unlikely that you have any security interest which needs to be – or is allowed to be – registered on the PPSR.

Read more on the PPSR website: Responsible Registration Management - Proving ownership.

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