This PPSR Loan Agreement Template provides the precedents needed to create loans secured by registration on the personal property security register (PPSR). It covers commercial loans to companies, secured by registration over circulating and non-circulating assets. The precedent loan agreement creates of a security interest that may be attached and registered on the PPSR.

The Personal Property Securities Act 2009. The Act establishes a new online security interest register called the Personal Property Securities Register, administered by the Insolvency and Trustee Service Australia (ITSA). This replaces most other current registers of security interests and establishes a system of priorities between competing interests.

PPSR LOAN AGREEMENT 

The precedent loan agreement creates of a security interest that may be attached and registered on the PPSR.

1. Background

The Personal Property Securities Act 2009 came into effect on the 30 January 2012 . It is a Federal law has changed the way security interests in personal property and in relation to companies are created. The PPSR replaces a number of former registers including ASIC fixed and floating company charges.

The Act establishes a new online security interest register called the Personal Property Securities Register, administered by the Insolvency and Trustee Service Australia (ITSA). This replaces most other current registers of security interests and establishes a system of priorities between competing interests.