How the Personal Property Securities Register is Redefining the Landscape

Written By Elle Buckley

Speaker: Kim O’Reilly, Principal, Macpherson Kelley

  • The state of the personal property securities system was outlined, including some quick observations about practice when interacting with the Personal Property Security (PPS) system.

  • In 2023-24, there were 10.4 million current PPS registrations (2.3% increase from previous year).

  • Registration driven by motor vehicles.

  • Finance and insurance dominated as ‘secured parties’.

  • AFSA regulatory focus – system vulnerability, system misuse, system efficiency.

  • AFSA future priorities include increased enforcement, public awareness, preparation to Personal Property Securities reforms.

  • AFSA is still seeing registration errors, with 1.4 million amendments, 2 mililion discharges, timing blowouts.

Elle Buckley
Previous

How Car Subscription is Helping EVs Cross the Chasm
Next

Driving the Future: A Candid Q&A