Don't Risk Your Cash
Don't get caught purchasing assets that have a security interest registered against them. Your valuable asset could be effectively worthless if there is a security interest that is equal or close to the value that you are purchasing the asset for. Security interests can be registered against a broad range of assets including cars, boats, IT equipment, industrial equipment and more.
Easy And Simple To Check
Checking the ownership and any security interests registered against an asset is really simple. The PPSR or Personal Properties Securities Register is administered by the Australian Financial Security Authority (AFSA) and contains details of securities that have been registered against a broad range of assets.
Motor Vehicles
Motorcycles
Industrial Machinery
Boats & Marine Equipment
Works Of Art
Business Equipment
Artworks
IT Equipment
Get Peace Of Mind
Why take the risk of losing your money on an asset that has a security registered against it. The third party with the security will have priority over you in terms of who receives funds when the asset is sold. They are even entitled to sell the asset if the original owner is in default.
The PPSR is really easy to search and will tell you if the asset that you are looking to purchase is registered in the database.