Personal property security interest
An interest over personal property that a party has registered on the PPS Register as per the Personal Property Securities Act 2009 (Cth).
Personal property (link) is all forms of property other than land. A security interest is an interest in personal property that secures payment of a debt or other obligation regardless of the transaction’s form.
Read more in our article: “What is a PMSI – new security for PPSA”.