A PPSR Certificate is a document issued by the Australian Government that shows how much security is tied to a personal property. A PPSR Certificate can only be issued by the government and it gives information about registered properties. A point of note is that anyone conducting a PPSR Check can obtain a PPSR Certificate, either directly through the Personal Property Securities Register or through official PPSR check sites such as Quick PPSR. A PPSR Certificate is legally recognized and can, therefore, be presented in any legal proceedings in the states of Australia.
After conducting a PPSR search using Quick PPSR, you get a complimentary government-generated PPSR certificate. There are two ways to get the certificate. Either have it delivered to your email address for easy retrieval or view and download it directly from the site. Regardless of which method you choose, you will not have to pay any extra charges to get your PPSR Certificate.
What information is included in the certificate?
The PPSR Certificate is basically a summary of the details of a property as registered on the national Personal Property Securities Register as well as those on the National Exchange of Vehicle and Driver Information System (NEVDIS).
The data on the PPSR Certificate obtained from the PPSR summarizes the financial history of a vehicle. If the certificate shows not results under this section, the car in question has no previous financial owing, that is, it has not been used as a security in obtaining a loan. Affirmative results under this section show that there is an outstanding loan tied to the vehicle. A lender can, therefore, call in the car if the seller defaults payment.
On the other hand, data from NEVDIS gives rudimental information about the vehicle. Details such as the model of the car, its make, its engine number, whether or not it has been registered and the period covering the registration all fall under data drawn from NEVDIS.
Significance of the certificate
A PPSR Certificate is a legal document that acts as evidence of a PPSR search. In case of contention, the certificate shows the status of the vehicle at the time of purchase.
Also, having a PPSR certificate helps you retrieve PPSR search reports from the PPSR database at no cost.
A PPSR Certificate is important when buying a used car. You might find it easy to interpret or order a Quick PPSR report to summarize it and flag any issues with the vehicle in question.