New data released today show 480,825 registrations were removed from the Personal Property Securities Register (PPSR) during the June quarter 2026, including a significant number of outdated registrations. This was the third highest quarterly volume of removals on record, behind the record 572,294 removals recorded in the December quarter 2025.
These results, in part, reflect, AFSA’s ongoing work with industry to identify and remove registrations that no longer reflect an active security interest. The campaign forms part of AFSA's 2025–26 and 2026–27 Regulatory Action Statements (RAS) commitment to strengthen PPSR integrity and improve confidence in the register.
An outdated or expired PPSR registration can remain on the register after a debt has been repaid, a lease has ended or another secured obligation has been satisfied. While secured parties are required to remove these registrations in a timely manner, outdated registrations can continue to appear on searches, creating uncertainty for consumers and businesses and potentially delaying access to credit or commercial transactions.
AFSA Chief Executive Tim Beresford said the PPSR was a critical piece of infrastructure supporting the flow of credit in the Australian economy.
“The PPSR supports more than 10 million active registrations with an estimated economic value of $490 billion.
“Consumers use the PPSR to check whether a car or asset they’re considering buying has money owing on it. Businesses use the register to support lending decisions and manage financial risk.
“The June quarter result follows targeted engagement by AFSA with industry participants to encourage compliance with obligations to remove registrations that are no longer required.
"Businesses, lenders and other PPSR users have told us that outdated registrations can create unnecessary barriers to accessing finance and delay commercial transactions.
“That’s why improving PPSR data quality and ensuring registrations accurately reflect current security interests is a key priority in AFSA Regulatory Action Statements.
"Removing more than 480,000 registrations in a single quarter demonstrates both the scale of PPSR usage and the impact of our partnership approach with industry to improve the integrity of the register.
“"For the PPSR to continue supporting confidence in Australia's credit system, users need to be able to rely on the information it contains."
More information about these statistics is available at Quarterly Personal Property Securities Register statistics.
