From 30 January 2012, the Personal Property Securities (“PPS”) Act, 2009 commenced. The PPS register is the single national source of registered security interests in the majority of personal property. The PPS register replaced 23 State, Territory and Commonwealth based registers dealing with property and is an important tool and reference for lenders, businesses and consumers. Real Property (ie. land) continues to be subject to registration by each State and Territory and not affected by the PPS.