The Commonwealth Attorney-General’s Department has released a Cost Recovery Impact Statement containing recommendations for the cost recovery arrangements for the Personal Property Securities Register (PPSR).

It is expected that the Register will commence operation in May 2011.

The proposed fees (exclusive of GST) include:

• Register Financing Statement for an undefined duration: $130
• Register Financing Statement where duration is 7 years or less: $7.40
• Register Financing Statement where duration is more than 7 years but less than 25 years: $37.00
• Search the online register by reference to the grantor’s details, by serial number or by registration number:$3.70

Searches through the contact centre by phone will be charged at the same price as an online search. Searches through the contact centre by mail, email or fax, and requiring a printed search result will attract a higher fee of $29.50.

More information about Personal Property Securities