Encumbrance

More information

The PPSR is the official government register of security interests in personal property. These are debts or other obligations that are secured by personal property.

Encumbrance is a term used in the context of PPSR reports. It refers to a claim against a property by a party that is not the owner. Encumbrances can impact the transferability of the property and restrict its free use until the encumbrance is lifted.

When a company registers a security interest on the PPSR, they are letting the world know that they claim to have a security interest over certain personal property, this is also known as encumbrance.

Personal property includes things like motor vehicles, company assets, watercraft, aircraft and intellectual property; it doesn’t include land or fixtures.

By ordering a PPSR Report from VINNER, you are receiving the current details encumbrance details for that registered property at that point in time.

Example Report - No Encumbrance

A vehicle without any encumbrance or security interests will appear with "No registrations exist for this serial number" under "Registration Details", an example is below.

Example Report - Encumbrance

An encumbrance is a right to, interest in, or legal liability on a vehicle, or to put it simply it means that there is money owing on a loan related to the vehicle. Your VINNER PPSR report will show this as a registration, an example is below and the fields are described here.