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    PPSR Explained – How to use the Australian Personal Property Securities Register. Part 2 – Secured party groups

    By Kristina Cunningham

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    Looking for comprehensive, easy to understand information on the Australian Personal Property Securities Register (PPSR)? Want to know how it all fits together?

    Then look no further. This is the definitive user guide to using the register. All the tips and explanations you haven’t been told, from the expert who taught the big banks all about it.

    If you're new to PPSR and you've been trying to find the answers to all these questions, then these manuals can help. These manuals are for you if you

    - need to search PPSR
    - need to register on PPSR
    - need to set up or use a secured party group
    - want to set up an account but are not sure what it means
    - have an account but want to know more about setting up your users
    - want to understand the roles within the register and what they mean for your users
    - want to understand how accounts and secured party groups work together
    - want to know what alert notifications are and how they work
    - want to understand what information the reports give you
    - have heard about B2G and want to know more.

    If you need to use PPSR for anything, these are the manuals for you. Straight talking, clear explanations. All the information you wanted to know but have been unable to find out.

    Part 2 covers

    - secured parties
    - secured party groups
    - considerations for setting up your secured party groups
    - differences between accounts and secured party groups
    - connections between accounts and secured party groups

    Things like

    - Who should be in my secured party group?
    - How can I make it easy for my staff to all use the same secured party groups?
    - Where should my address for service be?
    - What happens if I change my address for service?

    In the year leading up to January 2012, Kristina provided monthly information sessions to representatives from the finance industry on complex register functionality.

    “Kristina has a comprehensive understanding and working knowledge of the PPSR unequalled to anybody else in Australia. Her ability to distil information in plain English to her audience is truly a gift appreciated by all.”

    “Kristina provided invaluable support and help, particularly in providing a clear explanation of how the PPSR would work.”

    Caveat – Kristina is not a lawyer. These manuals do not provide legal advice about the PPS Act or the register, and are not tailored to your business. If in doubt about whether the PPS Act and the register apply to your business or situation, consult your lawyer or business advisor.

    The views expressed in these manuals are Kristina Cunningham's, and are not the views of the Attorney-General's Department or Insolvency and Trustee Service Australia.
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