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.
An Agreement that allows registration of an interest on the PPSR. Secures repayment over all present and future acquired assets
Includes clauses covering:
- Definitions & Interpretation
- Receipt Of Loan Advance
- PPSA Provisions
- Grantor’s Warranties
- Grantor’s Covenants
- Further Advances
- Independent Advice
- Power Of Attorney
- General Provisions
15 pages long.
PPSR Loan Agreement
This information is not legal information provided by Precedents Online or it’s Authors. It is for General Information only and to be used accordingly.
Register security interests on the PPSR and manage your credit risk.
The PPSR is a noticeboard only – it flags that a secured party is claiming a security interest against the personal property of a grantor. It is not a registration of actual documents. Neither is it a register of title.
You can place a notice on the PPSR to show that you have enforcement rights over personal property. You should only register a security interest on the PPSR if you have a security agreement evidenced in writing. A searcher may contact the secured party to request more information or view the underlying security agreement.