Personal Property Securities Register (PPSR) Survey

Personal Property Securities Register (PPSR) Survey
At the most recent AADA Used Car Dealer Forum, concerns were raised by dealers about delays in removing financial encumbrances from vehicles on the Personal Property Securities Register (PPSR). The delays occur after the dealer has remitted the final payout amount to the party with the PPSR security interest. To help identify issues and improve PPSR processes, the AADA is asking dealers to complete this short survey capturing your experiences and any challenges with the PPSR.
1. Name*

First NameLast Name
2. Job Title*
3. Name of dealership*
4. How many dealership rooftops (franchised locations) does your group currently operate*
5. Which State or Territory are you in?*

ACTNSWWANTQLDVICSATAS
6. On average, how many used motor vehicles does your dealership acquire per month(via auction, trade, or other)?

0-5050-100100-150150+
7. On average, how many used cars does your dealership retail per month?

0-5050-100100-150150+
8. Are you aware of the Personal Property Securities Register (PPSR)?

YesNo
8.a. Do you find the PPSR fit for purpose?
9. How many PPSR searches does your dealership conduct each month?

0-5050-100100-150150-200200+
10. How does your dealership manage PPSR searches and registrations?

Individual search on serial numberPPSR Account Customer (WebUI)Business-to-Government (B2G) platform
11. When acquiring a vehicle, at what stage in a consumer- to-dealer transaction does your dealership conduct a PPSR search?

At the point of vehicle evaluationAt the point of trade inAt the point of new car delivery/exchangeAll of the aboveNone of the above
12. When finalising finance on a customer’s traded vehicle, do you experience delays of more than five business days for finance companies to remove their interest from the PPSR after you remit the final payout?

YesNo
12.a. Which finance companies do you find consistently take longer than 5 business days?
12.b. Have you used the PPS amendment demand process to dispute a PPSR registration?

YesNo
13. Have you suffered a sales loss or financial loss as a result of slow discharge of finance from a finance company and/or auction house?

YesNo
13.a. Please provide further details
14. Do you acquire used motor vehicles from mainstream motor vehicle auction houses?

YesNo
14.a. Is the financial encumbrance on a vehicle purchased at auction usually removed before the car arrives at your dealership

YesNo
14.b. What is the average timeframe until the financial encumbrance is removed by the finance company after remittance of funds to the auction houses?

0-5 days5-10 days10-15 days15-20 days20+ days
14.c Which finance companies do you find consistently take longer than 5 business days?
14.d. Which auction houses do you find consistently take longer than 5 business days to discharge?
15. Does your dealership provide credit facilities or credit terms, including retention of title arrangements, for automobile parts to aftermarket repairs, smash repairers, car rental companies or other entities?

YesNo
15.a Do you register your dealership’s security interest on the PPSR for these transactions?

YesNo
15.a.i. Have you successfully been able to recover outstanding debts utilising the Purchase Money Security Interest (PMSI) provision of PPSR?

YesNo
15.b Has your dealership suffered financial loss as a result of not having your interest in those parts registered on the PPSR?

YesNo
16. Do you have any feedback you would like to provide on the PPSR?
Should be Empty: