AFSA releases State of Personal Property Securities System Report 2023-24

The Australian Financial Security Authority (AFSA) has released its flagship State of the Personal Property Securities System Report 2023–24 which encompasses analysis of the current state of the Personal Property Securities System (PPSS) including market context across 2023-24, AFSA’s regulatory focus relating to its administration of the PPSR, and the regulator’s corresponding forward priorities.

In respect of the current state of the PPSR, the report finds:

• over 12.8 million searches of the PPSR were conducted, up 7.9% from the previous year, suggesting a growing public awareness of the financial and commercial risk protection that the PPSR offers.

• casual users accounted for 9.1% of searches, meaning that over 1.1 million searches were quickly performed to support people's financial decision-making.

• the PPSR contained more than 10.4 million current registrations, an increase of 2.3% from the previous year.

The report in full can be accessed here.