Government Media Release
The integrity of the PPSR is critical to the effectiveness of Australia’s credit system. By providing accurate, reliable and up-to-date information about security interests in personal property, the PPSR enables lenders to assess risk with confidence and make informed lending decisions. A trusted register supports transparency, reduces uncertainty and helps maintain confidence across the broader financial system.
Regulatory Action Statement: 2025-26 outcomes
AFSA’s 2025-26 Regulatory Action Statement focused on encouraging the timely discharge of registrations that were no longer valid, with an emphasis on reviewing non-end-dated registrations. This work helps ensure the PPSR contains current and reliable information as outdated registrations can clutter the register and incorrectly suggest a security interest still exists.
Our engagement activities with major secured parties last year delivered significant outcomes, resulting in the removal of approximately 195,000 additional non-end-dated registrations, an increase of about 280% compared with the previous year.
Through this process, some financial institutions identified weaknesses in their internal registration oversight and commenced remediation activities to strengthen their PPSR practices to ensure registrations are removed in a timely manner.
These outcomes demonstrate the value of collaboration between government and industry. By working with stakeholders to improve data quality, we continue to strengthen trust in the PPSR and support a more transparent, reliable and efficient marketplace.
Thank you to all stakeholders who engaged with us during this process and contributed to ensuring the PPSR more accurately reflects the status of registered security interests.
Regulatory Action Statement 2026-27 expansion
Over the coming year, AFSA will continue supporting secured parties in undertaking voluntary reviews of their registration portfolios. We will also expand our efforts to improve the accuracy and integrity of the PPSR by:
- increasing outreach to encourage more secured parties to review their registrations and remove those that are no longer required
- considering additional compliance measures where secured parties choose not to engage with the voluntary review process
- broadening our focus to address other categories of invalid registrations.
What are invalid and out-of-date registrations?
Invalid and out-of-date registrations can arise for a range of reasons. These include:
- historical data issues
- changes in business structures
- lack of administrative oversight or prioritisation.
As part of this work, we will also improve the quality and accuracy of legacy records migrated from multiple Commonwealth, state and territory registers into the PPSR when it was established in 2012.
What you can do to help
Maintaining an accurate PPSR is a shared responsibility. We encourage all secured parties to consider:
- Do you regularly review your PPSR registrations?
- Do you have processes in place to ensure registrations remain accurate and up to date?
- Are registrations being discharged when they are no longer required?
An up-to-date and accurate PPSR benefits everyone who relies on the register and helps ensure it continues to support confidence in Australia’s personal property securities system.
For more information on maintaining registrations, including steps to end a registration, visit Maintain your registrations.