Commentary: March quarter 2017 PPSR quarterly statistics

Read more about searches and registrations on the Personal Property Securities Register (PPSR) in the March quarter 2017.

Searches on the PPSR

Number of searches on the PPSR by quarter

There were 2,114,242 searches conducted on the PPSR in the March quarter 2017. This represents a year-on-year increase of more than 145,000 searches (or 7.4%) compared to the March quarter 2016, when there were 1,968,953 searches on the PPSR.

The number of searches conducted on the PPSR in the March quarter 2017 rose 1.5% compared to the December quarter 2016, after falling in the previous two consecutive quarters.

Searches on the PPSR by type March quarter 2017

The most common type of search in the March quarter 2017 was by serial number. In the March quarter 2017, 54.6% of searches on the PPSR were by serial number. In percentage terms, the profile of searches by type remains very similar to that in December quarter 2016.

Registrations on the PPSR

New registrations on the PPSR

There were 485,419 non-transitional registrations created on the PPSR in the March quarter 2017. The number of non-transitional registrations created fell 1.6% in the March quarter 2017 compared to the March quarter 2016, when there were 493,302 non-transitional registrations created. The number of non-transitional registrations created in the March quarter 2017 fell 5.2% compared to the December quarter 2016.

New, non-transitional registrations on the PPSR

Current PPSR registrations by collateral class as at 31 March 2017

At 31 March 2017, there were 9,374,767 current registrations on the PPSR.

Motor vehicles are the most common type of collateral class of registrations on the PPSR. At 31 March 2017, there were 4,625,321 current registrations on the PPSR with a motor vehicle collateral class. This was 49.3% of total current registrations. This proportion is down in year-on-year terms from 50.3% at 31 March 2016, and fell slightly from 49.5% at 31 December 2016.

Transactions on the PPSR to create, amend or discharge registrations

During the March quarter 2017 there were:

  • 504,105 registrations created: 485,419 of these were non-transitional registrations
  • 253,808 registrations amended
  • 348,369 registrations discharged or removed from the PPSR.

The 253,808 amendments to registrations in the March quarter 2017 represent a 48.1% decrease from the 489,089 amendments to registrations in the December quarter 2016 (this indicator is subject to high variability).

Activity regarding PPSR registrations by quarter