Glossary

List of glossary items

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  • Personal property that has a security interest attached to it as a result of an agreement between a grantor and a secured party. For example, property that can be taken by a lender if a loan is not repaid.

    When making a registration on the Personal Property Securities Register (PPSR), the collateral must be described by a collateral class.

  • A set of categories used on the Personal Property Securities Register (PPSR) to describe the collateral contained in a registration.

    A registration must only relate to a single collateral class. It cannot be amended once a registration is completed.

  • Commercial property is personal property that is not consumer property.

    It is personal property that is held in the course or furtherance to any degree of carrying on an enterprise to which an ABN has been allocated.

  • When AFSA, acting as the Official Trustee, administers an estate, all amounts held in respect of the estate are deposited into the Common Investment Fund.

  • An independent prosecution service established to prosecute alleged offences against Commonwealth law and deprive offenders of the proceeds of criminal activity under the control of the Director, a statutory officer appointed by the Attorney-General.

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