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Spotlight

PPSR Security Interest Validity

Some dealers have reported cases of serial number (VIN) searches returning current security interests when they believe the interests were previously discharged from REVS prior to the commencement of PPSR.

Our advice is that any Security Interest on the PPS Register should be treated as a current interest regardless of information you have that states otherwise.

You should seek to contact the Grantor as shown on the Search Certificate and request for the Security Interest to be removed (Discharged) from the PPS Register.

We are currently making enquiries with PPSR on behalf of our clients and will update you through our Spotlight as soon as possible.

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