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Public awareness and trust in the Personal Property Securities Register have surged, with registrations reaching more than 10.4 million in 2023–24.
PPSR value reaches $450bn mark as Aussies invest in security: AFSA
11 March 2025
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7 minute read
New data from the Australian Financial Security Authority has revealed the volume of Personal Properties Securities Register (PPSR) registrations has notably increased over the past decade.
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Registrations in 2023–24 reached 10.4 million after 2.2 million new registrations, reflecting a 7.9 per cent increase from the previous financial year.
AFSA noted there was also a significant increase in the volume of searches conducted on the PPSR, also up 7.9 per cent to 12.8 million searches.
“The PPSR supports the flow of credit, underpinning Australia’s $3.6 trillion credit system by enabling Australian creditors to safeguard their security interests, and empowering consumers and businesses to make informed decisions,” AFSA said.
Tim Beresford, chief executive of AFSA, said the uptick indicated growing public awareness of the financial and commercial risk protection the PPSR offered when businesses or individuals were considering purchasing a vehicle, lending items or purchasing items.
“The increasing use of the PPSR – as seen in the millions of searches and new registrations being performed each year – and the $450 billion value in registrations overall, are an encouraging sign that businesses and consumers are taking proactive steps to protect themselves and their businesses from security risks and undisclosed debts against property they own or have acquired,” Beresford said.
“A PPSR search can cost as little as $2, yet many small business owners are just too busy to step back and consider whether their assets are protected in this way. This is increasingly important, especially in times of increased financial and economic pressure when cars, company assets, second-hand goods and intellectual property are often essential items for Australians in conducting their day-to-day lives.”
ASFA revealed the PPSR was a “critical piece” of economic infrastructure that promoted access to credit by serving as an online ‘noticeboard’ and official government record of interests held against personal property and was administered under the Personal Property Securities Act 2009.
Results found casual users accounted for 9.1 per cent of searches in the 2023–24 year, which resulted in more than 1.1 million searches.
Beresford said the PPSR played a key role in supporting people’s financial decision making, including consumers looking to purchase second-hand cars and other goods.
“In 2024-2025, we are implementing a strong focus on individual vulnerability, as the PPSR has been used as a tool for bad actors to make a false claim against assets belonging to another individual or company,” he said.
“AFSA has allocated 20 per cent of our enforcement resources to ensuring the integrity of PPSR. We are currently investigating several cases in which civil penalty proceedings may be instituted. We will continue to use the full range of regulatory tools available to us to promote compliance and enforce the law against serious and deliberate misuse of the system.”
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