What is the PPSR?

The PPSR (Personal Properties Security Register) is a central register of all the security interests in companies and individuals. The PPSR is managed by the New Zealand Companies Office.

Every time security taken for a loan this is registered on the PPSR at www.ppsr.govt.nz. This ensures that the same security cannot be used for a loan twice and enables the lender to take possession of the security and sell it in the event of a default.